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7. Using a required rate of return of 4 percent, determine the value of a $10,000 (face value) bond with annual interest payments and which

7. Using a required rate of return of 4 percent, determine the value of a $10,000 (face value) bond with annual interest payments and which matures in exactly 10 years. The bond has a coupon rate of 5 percent, and the next interest payment falls exactly 12 months from today.

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