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​(Bond valuation​) Flora​ Co.'s bonds, maturing in 8 ​years, pay 13 percent interest on a $...

​(Bond valuation​) Flora​ Co.'s bonds, maturing in 8 ​years, pay 13 percent interest on a $ 1,000 face value.​ However, interest is paid semiannually. If your required rate of return is 8 ​percent, what is the value of the​ bond? How would your answer change if the interest were paid​ annually?

Please answer in excel functions if possible

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Answer #1
Price if semiannual coupon PV $ 1291.31
Price if annual coupon PV $ 1287.33

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