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A bond with a $1,000.00 par value matures in 8 years and pays a semi-annual interest payment $80. What is the present value of the

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A bond with a $1,000.00 par value matures in 8 years and pays a semi-annual interest payment $80. What is the present value of the bond if the going rate of interest is 7%? Refer to the following cash flow diagram. What is the P value you would need at year 0 to meet the cash outlays shown

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