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In-Class Exercise 5 Compute the market value of $100,000 face value of bonds (issued on 01/01/2009) due in 20 years where the annual stated rate

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In-Class Exercise 5 Compute the market value of $100,000 face value of bonds (issued on 01/01/2009) due in 20 years where the annual stated rate of interest is 11% (interest is paid semiannually at 06/30 and 12/31) and the market rate of interest is 12%

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