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approximate answer but calculate your final answer using the formula and financial calculator methods. The bonds of Falter Corporation were rated as Aaa and issued
approximate answer but calculate your final answer using the formula and financial calculator methods. The bonds of Falter Corporation were rated as Aaa and issued at par a few weeks ago. The bonds have just been downgraded to Aa2. Determine the new price of the bonds, assuming a 10 -year maturity and semiannual interest payments. Note: Do not round intermediate calculations and round your answer to 2 decimal places. Present value of $1,PVIF PV=FV[1/(1+i)n] Present value of an annuity of $1,PVIFA PVA=A[1(1/(1+i)n)]/i
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