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An investor purchases a 1 0 - year, $ 5 , 0 0 0 face value bond that pays semiannual interest at annual rate of

An investor purchases a 10-year, $5,000 face value bond that pays semiannual interest at annual rate of 10%. If the annual market rate of interest is 8%, what is the current market value of the bond?
$5,679.52
$5,405,55
$4,376,89
$5,090,00
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