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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 4 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 4 years remaining to maturity, and have a required rate of return of 14 percent. The bond has a 8.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places, (e.g., 32.16)) Fair present value $ ______ The bond has a 10.8 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places, (e.g., 32.16)) Fair present value $ _____ The bond has a 14 percent coupon rate. (Do not round intermediate calculations.) Fair present value $ _______
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