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(Bond valuation?) Flora? Co.'s bonds, maturing in 16 ?years, pay 12 percent interest on a $ 1,000 face value.? However, interest is paid semiannually. If

(Bond valuation?) Flora? Co.'s bonds, maturing in 16 ?years, pay 12 percent interest on a $ 1,000 face value.? However, interest is paid semiannually. If your required rate of return is 16 ?percent, what is the value of the? bond? How would your answer change if the interest were paid? annually?

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