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Chapter 3 Hw instructions help Question 3 (of 8 Save& Exit Submit 3. Problem 3-11 (LG 3-5) Calculate the fair present values of the following

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Chapter 3 Hw instructions help Question 3 (of 8 Save& Exit Submit 3. Problem 3-11 (LG 3-5) Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 10 years remaining to maturity, and have a required rate of return of 11 percent. The bond has a 7.6 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16) Fair present value b. The bond has a 9.6 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 11 percent coupon rate. (Do not round intermediate calculations.) Fair present value References Book & Resources Worksheet Problem 3-11 (LG 3-5) Difficulity Medium

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