# 11. KAC inc. has issued a 12% bond that is to mature in 9 years. The bond had a 1,000 par value an

# 11. KAC inc. has issued a 12% bond that is to mature in 9 years. The bond had a 1,000 par value and interest is paid semi-annually. If your required rate of return is 10% what price w ould you be willing to pay for the bonds wou