Question
Flower Valley Company bonds have a 13.43 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 13.43 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 29 years from now. Compute the value of Flower Valley Company bonds if investors required rate of return is 8.79 percent. Round the answer to two decimal places.
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Cases In Healthcare Finance
Authors: Louis C. Gapenski
3rd Edition
1567932444, 9781567932447
