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Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, have 10 years remaining to maturity, and have a required rate of return of 15.5 percent.

a. The bond has a 7.2 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value $

b. The bond has a 9.2 percent coupon rate. (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) Fair present value $

c. The bond has a 15.5 percent coupon rate. (Do not round intermediate calculations.) Fair present value $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92253033

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