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A bond is issued at a price of $1000 and pays a interest of $50 per year for the next 8 years. If the interest
A bond is issued at a price of $1000 and pays a interest of $50 per year for the next 8 years. If the interest rate in the market is 5% and the bond is redeemed for a price of $1000 then what is the price of the bond today
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