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Bond valuation ) Flora Co.'s bonds, maturing in 12 years, pay 14 percent interest on a $1,000 face value. However, interest is paid semiannually. If
Bond valuation) Flora Co.'s bonds, maturing in 12 years, pay 14 percent interest on a $1,000
face value. However, interest is paid semiannually. If your required rate of return is 13 percent, what is the value of the bond? How would your answer change if the interest were paid annually?
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