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a 7% commonwealth government bond has three years to maturity. given that the bond pays interest semi- annually ( i.e twice a year) And an

a 7% commonwealth government bond has three years to maturity. given that the bond pays interest semi- annually ( i.e twice a year) And an interest payment has just been made,what is the present value of the bond if the market interest rate is 9% and the face value of the bond is $100000.

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