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Question 11 The Garcia Company's bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 17.5 percent.

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Question 11 The Garcia Company's bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 17.5 percent. Assume interest payments are made semiannually. (a) Determine the present value of the bond's cash flows if the required rate of return is 17.5 percent. (Round factor value calculations to 5 decimal places, e.g. 0.52755. Round other intermediate calculations to 2 decimal places, e.g. 52.75. Round final answer to nearest dollar amount.) Present value $ Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWER (b) The parts of this question must be completed in order. This part will be available when you complete the part above

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