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Here is an excerpt from a bond table in the Globe and Mail, dated June 1, 2020: Ask Maturity Date 2025-06-01 Coupon Rate 9 Bid

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Here is an excerpt from a bond table in the Globe and Mail, dated June 1, 2020: Ask Maturity Date 2025-06-01 Coupon Rate 9 Bid Price 163.14 Ask Price 163.24 Bid Yield 3.54 yield 3.53 In reference to the Government of Canada bond maturing on June 1, 2025 (above), answer the following question: What is the present value of the bond if you bought it June 1, 2020 and kept it until it matured on June 1, 2025? The expected interest rate is 3.8%. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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