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The Garcia Companys bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 18.6 percent. Assume interest

The Garcia Companys bonds have a face value of $1,000, will mature in 10 years, and carry a coupon rate of 18.6 percent. Assume interest payments are made semiannually. Determine the present value of the bonds cash flows if the required rate of return is 11.3 percent?

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