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Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 12 years remaining
Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 12 years remaining to maturity, and have a required rate of return of 12.5 percent. a. The bond has a 6 percent coupon rate. (Do not round Intermedlate calculatlons. Round your answer to 2 declmal places. (e.g. 32.16)) b. The bond has a 8 percent coupon rate. (Do not round Intermedlate calculetlons. Round your answer to 2 declmal places.(e.g 3216)) c. The bond has a 12.5 percent coupon rate. (Do not round Intermedlate calculatlons.) b. Fair present value
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