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How much should an investor pay for a bond that returns $10,000 at the end of five years if market interest rates are 4%? A)
How much should an investor pay for a bond that returns $10,000 at the end of five years if market interest rates are 4%?
A) $8,128.59
B) $8,219.27
C) $8,547.74
D) $9,615.38
E) Bond prices cannot be computed if the bond does not make coupon payments.
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