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Help Save & Exit An investor purchases a 15-year $1.000 par value bond that pays semiannual interest of $40. If the semiannual market rate of

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Help Save & Exit An investor purchases a 15-year $1.000 par value bond that pays semiannual interest of $40. If the semiannual market rate of Interest is 5%, what is the current market value of the bond? (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD OLS1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $846 $881 $1000 $1615

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