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ACME Bond Indenture - Face Value = Parr value =$1,000 - Annual Coupon rate =10% - Annual Coupon =$100 - Current market interest rate for

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ACME Bond Indenture - Face Value = Parr value =$1,000 - Annual Coupon rate =10% - Annual Coupon =$100 - Current market interest rate for similar risk =10% - Matures in 10 years What if, alternatively, payments are semi-annual at the original 10% rate? Now calculate the PV

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