Calculate the fair present values of the bonds

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Reference no: EM131317118

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 11 percent.

a. The bond has a 5.4 percent coupon rate.

b. The bond has a 7.4 percent coupon rate.

c. The bond has a 11 percent coupon rate.

Reference no: EM131317118

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