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Complete the formula that is used to calculate the present value on a twenty-year 10% coupon bond with a $1,000 face value that sells for
Complete the formula that is used to calculate the present value on a twenty-year 10% coupon bond with a $1,000 face value that sells for $1,500. (Fill in the blanks with the appropriate numerical value in the formula provided below.) $ = $(1 + i) + C(1 + i)2 + ... + C(1 + i)20 + $(1 + i)20
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