Question
Flower Valley Company bonds have a 13.14 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 13.14 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 10 years from now. Compute the value of Flower Valley Company bonds if investors required rate of return is 8.90 percent.
Round the answer to two decimal places.
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Dave Ramseys Complete Guide To Money
Authors: Dave Ramsey
1st Edition
1937077209, 978-1937077204
