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A company is in need of extra funds, so it considers issuing a bond. In the bond, the company promises to pay back as tllows:

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A company is in need of extra funds, so it considers issuing a bond. In the bond, the company promises to pay back as tllows: The interest rate is 5% per year. a) What is the present value (value today) of the cash flow stream that the bond provides? b) How much fund is the company able to raise today by issuing the bond

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