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The Garcia Company's bonds have a face value of $1.000, will mature in 10 years, and carry a coupon rate of 17 2 percent. Assume

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The Garcia Company's bonds have a face value of $1.000, will mature in 10 years, and carry a coupon rate of 17 2 percent. Assume interest payments are made semiannually. (a) Determine the present value of the bond's cash flows it the required rate of return is 17.2 percent. (Round final answer to nearest dollar amount.) Present value $ e Textbook and Media Sive for Later Attempts: 0 of 2 used Submit Answer (b) How would your answer change if the required rate of return is 11.1 percent (Round final answer to nearest dollar amount.) Present value $ What is the yield to maturity for the following bonds? Assume these are bonds issued in the U.S. Use the Excel RATE function to solve, (a) 10 years to maturity, 6%.coupon rate, current price is $950. (Round answer to 2 decimal places, eg. 52.75.) Yield to maturity % e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (b) 16 years to maturity, 0% coupon rate, current price is $339. (Round answer to 2 decimal places, eg. 52.75.) Yield to maturity % . 25 years to maturity, 8.5% coupon rate, current price is $1,030. (Round answer to 2 decimal places, eg. 52.75.) Yield to maturity

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