(Bond
valuation?)
Flora? Co.'s bonds, maturing in
1515
?years, pay
1515
percent interest on a
$ 1 comma 000$1,000
face value.? However, interest is paid semiannually. If yourrequired rate of return is
55
?percent, what is the value of the? bond? How would your answerchange if the interest were paid? annually?
