You are considering buying bonds in ACBB, inc. The bonds have a par value of $1000 and mature in 20 years. The annual coupon rate is 19.0% and the…

You are considering buying bonds in ACBB, inc. The bonds have a par value of $1000 and mature in 20 years. The annual coupon rate is 19.0% and the coupon payments are annual. If you believe that the appropriate discount rate for the bonds is 11.0%, what is the value of the bonds to you

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