Swanson,Inc.bonds have a 10% coupon rate with semi-annual coupon payments.They have 12 and 1/2 years to maturity and a par value of $1,000.Compute the value of Swanson's bonds if investors' required rate of return is 8%.

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The bond's value is calculated using the present value of its future cash flows, which include semi-annual coupon payments and the par value at maturity. With a coupon rate of 10% and a required return of 8%, the bond's value is higher than its par value, specifically $1,156.22.