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5. (20 points) Solve: What is the market value of a 4% coupon, 5 year, $1,000 bond when required interest rate is 3%? (Hint: remember

5. (20 points) Solve: What is the market value of a 4% coupon, 5 year, $1,000 bond when required interest rate is 3%? (Hint: remember to use appendix for PVIF and PVIFA)

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