Question
Flower Valley Company bonds have a 7.66 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 7.66 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 15 years from now. Compute the value of Flower Valley Company bonds if investors required rate of return is 9.94 percent.
Round the answer to two decimal places.
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
12th Edition
0357442156, 978-0357442159
