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A bond with a face value of 1000 USD has an annual coupon rate of 10%. The market interest rate is 10%, compounded annually. The
A bond with a face value of 1000 USD has an annual coupon rate of 10%. The market interest rate is 10%, compounded annually. The term is 3 years.
1. Determine the present value of the bond payments.
2. Determine the future value of the bond payments.
3. Determine the yield to maturity.
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