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An investor purchases a 20-year. $1,000 par value bond that pays semiannual interest of $50. If the semiannual market rate of interest is 6%, what

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An investor purchases a 20-year. $1,000 par value bond that pays semiannual interest of $50. If the semiannual market rate of interest is 6%, what is the current market value of the bond?( FV of $1. PV of $1. FVA of $1. PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice w $849. $1,752 $1,000 $889

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