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Company has a $10,000,3-year, 5% bond. The current market rate is $7% al Based on the rates presented above, do you expect the cash price

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Company has a $10,000,3-year, 5% bond. The current market rate is $7% al Based on the rates presented above, do you expect the cash price of the bond to be more or less than the face value of the bond? Why? Present Value of $1 at Compound Interest Present Value of an Annuity of $1 at Compound Interest

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