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Compute the present value of a five-year bond with a face value of $4,000, a 10% annual coupon payment, and an 8% effective rate. Round
Compute the present value of a five-year bond with a face value of $4,000, a 10% annual coupon payment, and an 8% effective rate. Round answers to two decimal places
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Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
11th edition
78025400, 978-0078025402
