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Determine the present value of the bond cash flows

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Question - The Garcia Company's bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 18.9 percent. Assume interest payments are made semi-annually.

Required - Determine the present value of the bond's cash flows if the required rate of return is 18.9 percent.

Reference no: EM132836692

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