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A $1,000,000 bond pays 10% interest. Interest is paid semiannually. The market rate of interest is 12%. This is a 10-year bond. Compute the present

A $1,000,000 bond pays 10% interest. Interest is paid semiannually. The market rate of interest is 12%. This is a 10-year bond. Compute the present value of the bond.

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