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HW Score: 23.33%, 7 of 30 points @ Questlon 7, EOC 16.4.1 0 Points: 0 of 2 Say that you work for a bank that
HW Score: 23.33%, 7 of 30 points @ Questlon 7, EOC 16.4.1 0 Points: 0 of 2 Say that you work for a bank that has purchased a bond issued by Verizon. The bond promises to make interest payments of $500 at the end of each yearfor the next six years. At the end of the sixth year, the bond also pays the $12,000 principal. Ifthe discount rate is 6 percent, the present value of this stream of payments is $ (Round your answer to two decimal places.)
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