Emma Bonds have 14 years to maturity, with a coupon rate of 8%

| June 14, 2018

Emma Bonds have 14 years to maturity, with a coupon rate of 8%, paid ANNUALLY; if the appropriate discount rate is 6% what is the current value of Emma Bonds?a. $1,185.90 b. $1,060.22 c. $1,180.22 d. $1,080.00

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