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Compute the present value of a five-year bond with a face value of $1,000, 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 $1,000, a 10% annual coupon payment, and an 8% effective rate.
Round answers to two decimal places.
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Financial Markets and Institutions
Authors: Jeff Madura
12th edition
9781337515535, 1337099740, 1337515531, 978-1337099745
