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his Question: 1 pt 10 of 13 (6 complete) This Ouiz: 13 pls possib (Bond valuation) Flora Co.'s bonds, maturing in 17 years, pay 15

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his Question: 1 pt 10 of 13 (6 complete) This Ouiz: 13 pls possib (Bond valuation) Flora Co.'s bonds, maturing in 17 years, pay 15 percent interest on a $1,000 face value. However, interest is paid semiannually. If your required rate of return is 14 percent, what is the value of the bond? How would your answer change if the interest were paid annually? a. If the interest is paid semiannually, the value of the band is $ (Round to the nearest cent) b. If the interest is paid annually, the value of the bond is $ (Round to the nearest cent)

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