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Felix Corporation has a bond issue with a coupon rate of 10percent per year and 5 years remaining until maturity. The par value of the

  1. Felix Corporation has a bond issue with a coupon rate of 10percent per year and 5 years remaining until maturity. The par value of the bond is Kl, OOO. What is the value of the bond when the going rate of interest is (a) 6 percent; (b) 10percent; and (c) 12percent? The bond pays interest i) annually, ii) Semiannually.

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