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I don’t know which formula to use for this question. Flower Valley Company bonds have a 11.59 percent coupon rate. Interest is paid semiannually.
I don’t know which formula to use for this question.
Flower Valley Company bonds have a 11.59 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 19 years from now. Compute the value of Flower Valley Company bonds if investors’ required rate of return is 10.92 percent.
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