Consider Fulton manufacturing company’s 8 3/4 % bonds that mature on April 15, 2022. Interest paid and compounded annually.

3. Consider Fulton manufacturing company’s 8 3/4 % bonds that mature on April 15, 2022. Interest paid and compounded annually. Determine value of $1000 denomination bond as of April 15, 2010 to an investor who holds the bond until maturity and whose required rate of return is