You are the owner of 100 bonds issued by Euler, Ltd.These bonds have 8 years remaining to maturity, an annual coupon payment of $80, and a par value of $1,000.Unfortunately, Euler is on the brink of bankruptcy.The creditors including yourself, have agreed to a postponement of the next 4 interest payments (otherwise, the next interest paym would have been due in 1 year).The remaining interest payments, for Years 5 through 8, will be made as scheduled The postponed payments will accrue interest at an annual rate of 6 percent, and they will then be paid as a lump sum maturity 8 years hence.The required rate of return on these bonds, considering their substantial risk, is now 28 perc What is the present value of each bond?

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The Answer of You are the owner of 100 bonds issued by Euler, Ltd.These bonds have 8 years remaining to maturity, an annual coupon payment of $80, and a par value of $1,000.Unfortunately, Euler is on the brink of bankruptcy.The creditors including yourself, have agreed to a postponement of the next 4 interest payments (otherwise, the next interest paym would have been due in 1 year).The remaining interest payments, for Years 5 through 8, will be made as scheduled The postponed payments will accrue interest at an annual rate of 6 percent, and they will then be paid as a lump sum maturity 8 years hence.The required rate of return on these bonds, considering their substantial risk, is now 28 perc What is the present value of each bond?

You Are the Owner of 100 Bonds Issued by Euler