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1) A bond will pay $90 each year, at the end of the year, for ten years. At the end of the ten years, it
1) A bond will pay $90 each year, at the end of the year, for ten years. At the end of the ten years, it will make a single payment of $1,000. What is the present value today of all of these payments if the interest rate (EAR) is 5%
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