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Question 11 The Garcia Company's bonds have face value of $1,000, will mature in 10 years, and carry a coupon rate of 17.6 percent. Assume
Question 11 The Garcia Company's bonds have face value of $1,000, will mature in 10 years, and carry a coupon rate of 17.6 percent. Assume interest payments are made semiannually. v (a) Determine the present value of the bond's cash flows if the required rate of return is 17.6 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
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