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Compute the value of flower valley company bonds

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Reference no: EM131381203

Finance: Value of the Bond Semi-Annually

Question

Flower Valley Company bonds have a 9.16 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 18 years from now. Compute the value of Flower Valley Company bonds if investors' required rate of return is 8.65 percent.

Reference no: EM131381203

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