Question
Flower Valley Company bonds have a 11.52 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature
Flower Valley Company bonds have a 11.52 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 23 years from now. Compute the value of Flower Valley Company bonds if investors required rate of return is 11.08 percent.
Round the answer to two decimal places.
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
