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Question Help (Bond valuation) Flora Co.'s bonds, maturing in 17 years, pay 11 percent interest on a $1,000 face value. However, interest is paid semiannually.

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Question Help (Bond valuation) Flora Co.'s bonds, maturing in 17 years, pay 11 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 bond is SL (Round to the nearest cent.) lat ibral ource Enter your answer in the answer box and then click Check Answer ation T 1 part Clear All Check An remaining Resou o Type here to search i SSS PM 1/8/2021 E 3 5 7 8 7 wll ER T

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