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Flower Valley Company bonds have a 10.91 percent coupon rate. Interest is paid semiannually. The bonds...

Flower Valley Company bonds have a 10.91 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 24 years from now. Compute the value of Flower Valley Company bonds if investors’ required rate of return is 9.27 percent

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