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5. A 12-year level coupon bond with a face value (FV) of 100,000 pays a coupon of 10,000 at the end of each year. The

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5. A 12-year level coupon bond with a face value (FV) of 100,000 pays a coupon of 10,000 at the end of each year. The appropriate cost of capital for this bond is 5% per year. What is the present value (PV) of this bond (to the nearest )? * (25) 144,316 144,539 145,290

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