Question
4C3 Flower Valley Company bonds have a 14.55 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will
4C3
Flower Valley Company bonds have a 14.55 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 28 years from now. Compute the value of Flower Valley Company bonds if investors required rate of return is 8.34 percent.
Round the answer to two decimal places.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
7th Edition
0072866578, 9780072866575
