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Briefly explain the following Conceptual Understanding question parts (a) and (b) a) Explain the concept of time value of money, how that relates to the
Briefly explain the following Conceptual Understanding question parts (a) and (b)
a) Explain the concept of time value of money, how that relates to the discount factor and the Net Present Value
b) A bond with a par value of 1000 and a coupon rate of 5% is currently trading at 800, work out its current yield
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