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Flower valley company bonds have a 892 percent coupon rate

Flower Valley Company bonds have a 8.92 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 4 years from now. Compute the value of Flower Valley Company bonds if investors' required rate of return is 10.14 percent.

Round the answer to two decimal places.

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HR Management: Flower valley company bonds have a 892 percent coupon rate

Reference No:- TGS02180536

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