Calculate using the Excel or financial calculator. Do not use financial tables to calculate these problems. XYZ
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Calculate using the Excel or financial calculator. Do not use financial tables to calculate these problems.
XYZ Company bonds offer a coupon rate of 13.41 percent. Interest is paid semiannually. The bonds possess a nominal value of $1,000 and will reach their maturity in a span of 25 years. Determine the valuation of Flower Valley Company bonds based on a discount rate of 10.45 percent as per investors' required rate of return.
Please approximate the answer to two decimal places.
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