Alice Kitchen's,Inc.bonds have a 10% coupon rate with semiannual coupon payments.They have years to maturity and a par value of $1,000.Compute the value of Alice's bonds if investors' required rate of return is 8%.

Question

Alice Kitchen's,Inc.bonds have a 10% coupon rate with semiannual coupon payments.They have  years to maturity and a par value of $1,000.Compute the value of Alice's bonds if investors' required rate of return is 8%.

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The Answer of Alice Kitchen's,Inc.bonds have a 10% coupon rate with semiannual coupon payments.They have  years to maturity and a par value of $1,000.Compute the value of Alice's bonds if investors' required rate of return is 8%.