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April 1, 2015

Homework Help: Finance

Posted by Anonymous on Monday, November 12, 2012 at 5:52pm.

The Garcia company's bond have a face value of 1000, will mature in 10 years and carry a coupon rate of 16 percent. Assume interest payments are made semi annually. Determine the present value of the bonds cash flow if the required rate of return is 16.64 percent

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