I don't know which formula to use for this question. Flower Valley Company bonds have a 11.59 percent coupon rate. Interest is paid semiannually.

 I don't know which formula to use for this question.

Flower Valley Company bonds have a 11.59 percent coupon rate. Interest is paid semiannually. The bonds have a par value of $1,000 and will mature 19 years from now. Compute the value of Flower Valley Company bonds if investors' required rate of return is 10.92 percent.