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BankMart Inc. recently issued bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 4%. The current

BankMart Inc. recently issued bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 4%. The current market interest rate is 10%.

What is the bond's value? image text in transcribed

Intro BankMart Inc. recently issued bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 4%. The current market interest rate is 10%

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