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for someone who can both borrow and save money at the yearly mlerest rale 0 1 0 % . A five - year $ 1

for someone who can both borrow and save money at the yearly mlerest rale 010%.
A five-year $10,000 bond with a 10% coupon rate costs $10,000 and pays its holder $500 every six
months for five years, with a final additional payment of $10,000 made at the end of those ten payments.
Find its present value if the interest rate is: (a)6%; (b)10%; (c)12%. Please answer the question step by step, do not use excel to generate the answers. Do not just post the explanations about how to calculate it, answer the questions.
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