Green Valley Co. bonds have a 10.66 percent coupon rate. Interest is paid semiannually. The bonds have

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Green Valley Co. 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 Co. bonds if investor's required rate is 8.50 percent.

Round the answer to two decimal places. Show work.

Posted Date: May 17, 2024 08:05 PM

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Green Valley Co. bonds have a 10.66 percent coupon rate. Interest is paid semiannually. The bonds have

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