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  3. (bond valuation?) flora? co.'s bonds, maturing in

(Bond valuation?) Flora? Co.'s bonds, maturing in 1515 ?years, pay 1515 percent interest on a $ 1 comma 000$1,000 face value.? However, interest...

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Question

Finance

(Bond

valuation?)

Flora? Co.'s bonds, maturing in

1515

?years, pay

1515

percent interest on a

$ 1 comma 000$1,000

face value.? However, interest is paid semiannually. If yourrequired rate of return is

55

?percent, what is the value of the? bond? How would your answerchange if the interest were paid? annually?

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