Assume that whirledcom has an issue of 15 year 1000 par, Ask an Expert

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Assume that whirledcom has an issue of 15 year $1000. par value bonds that pay 6% interest, semi-annually. further assume that todays required rate of return on these bonds is 9%. how much would these bonds sell for today? (round off to nearest $1.00)

a- $1321.
b- $1066.
c- $756.
d- $864.

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