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can someone explain this to me in the second pic i show what i did and how i got that answer, explain it using the

can someone explain this to me in the second pic i show what i did and how i got that answer, explain it using the financial calculator no the formula image text in transcribed
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Delta Corporation has a bond issue outstanding with a 7% coupon, semiannual payments, and 4 years remaining until maturity. The par value of the bond is $1,000. Determine the current value of the bond if present market conditions justify a 14% nominal annual required rate of return. a. $1,126.42 b. $1,000.00 x c. $796.04 d. $791.00 e. $536.38 Feedback: Incorrect. Calculator solution: Input N=8,1/YR=7, PMT=35, and FV=1000, and solve for VB=PV=$791.00. See Section 7.3, Bond Valuation. 4N41/414PV?1796.04Pmt70FV1000

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