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1 What is the market value of the following bond? 3 Coupon 8% 4 Maturity date 2038 5 Interest paid semiannually 6 Par Value $1000

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1 What is the market value of the following bond? 3 Coupon 8% 4 Maturity date 2038 5 Interest paid semiannually 6 Par Value $1000 7 Market interest rate 10% 10 Type your formula and solve in the cell below 12

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