Flower valley company bonds have a 7.61 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1000 and will mature 20 years from now. Compute the value of the bonds if investors required rate of return is 11.62 percent.

Flower valley company bonds have a 7.61 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1000 and will mature 20 years from now. Compute the value of the bonds if investors required rate of return is 11.62 percent.

Flower valley company bonds have a 7.61 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1000 and will mature 20 years from now. Compute the value of the bonds if investors required rate of return is 11.62 percent.