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Intro Bank Mart Inc. recently issued bonds that mature in 12 years. They have a par value of $1,000 and an annual coupon of 5%.

Intro Bank Mart Inc. recently issued bonds that mature in 12 years. They have a par value of $1,000 and an annual coupon of 5%. The current market interest rate is 10%. IB Attempt 1/10 for 10 pts. Part 1 What is the bond's value? + decimals Submit

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