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A $10,000 US treasury bond was issued several years ago. The bond has a coupon rate of 9% and pays interest semi-annually. The bond will

A $10,000 US treasury bond was issued several years ago. The bond has a coupon rate of 9% and pays interest semi-annually. The bond will mature in 2 years. The current 2 year U.S. treasury interest rate is 1%. If an investor wants to buy this bond, how much will the investor have to pay (what is the market value of this bond today)? Write down the formula used. Please do it step by step.

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