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empt in Progress The Garcia Company's bonds have a face value of $ 1.000, will mature in 10 years, and carry a coupon rate of

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empt in Progress The Garcia Company's bonds have a face value of $ 1.000, will mature in 10 years, and carry a coupon rate of 17.1 percent. Assume interest payments are made semiannually, (a) Your answer is correct. Determine the present value of the bond's cash flows if the required rate of retumis 17.1 percent. (Round final answer to nearest dollar amount.) Present value 1000 e Textbook and Media Attempts: 1 of 2 used (b) * Your answer is incorrect. How would your answer change if the required rate of return is 114 percent? (Round final answer to nearest dollar amount.) Present value 144241

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