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A bond of $100,000 is issued. The bond's contractual 1rate is 10%, the interest is paid semi-annually. The maturity is in 5 years. The market's

A bond of $100,000 is issued. The bond's contractual 1rate is 10%, the interest is paid semi-annually. The maturity is in 5 years. The market's interest rate is 6%. Calculate the total amount bondholders are ready to pay for the bond at a discount

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