Green valley company bonds have a 1066 percent coupon rate, Financial Management

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Green valley company bonds have a 1066 percent coupon rate

Green Valley company bonds have a 10.66 percent coupon rate. Interest is paid semi annually. The bonds have a par value of $1000 and will mature 16 years from now. Compute the value of Green Valley company bonds if investors' required rate of return is 8.50 percent. Round the answer to two decimal places.

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Financial Management: Green valley company bonds have a 1066 percent coupon rate

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Financial Management: Green valley company bonds have a 1066 percent coupon rate

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