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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 semiannually. The bonds have a par value of $1,000 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. (show work)

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Finance Basics: Green valley company bonds have a 1066 percent coupon rate

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Finance Basics: Green valley company bonds have a 1066 percent coupon rate

Reference No:- TGS02198857

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