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Flower Valley Company bonds have a 8.98 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will
Flower Valley Company bonds have a 8.98 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 11 years from now. Compute the value of Flower Valley Company bonds if investors' required rate of return is 8.36 percent.
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Financial Accounting
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
11th edition
978-0134065830, 134065832, 134127625, 978-0134127620
