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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 8 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 8 years remaining to maturity, and have a required rate of return of 13 percent. a. The bond has a 8.4 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) b. The bond has a 10.4 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) c. The bond has a 13 percent coupon rate. (Do not round intermediate calculations.) Amount $ 755.07 a. Fair present value b. Fair present value c. Fair present value $ 787.99 $ 1,000
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