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Lighting electric`s outstanding bond has a $1,000 matuity value and a 4.5 percent coupon rate of interest (paid semiannually). the bond which was issued 5

Lighting electric`s outstanding bond has a $1,000 matuity value and a 4.5 percent coupon rate of interest (paid semiannually). the bond which was issued 5 years ago, mayors in 10 years. if investors require a return equal to 6 percent to invest in similar bonds, what is the current market value of Lightnings bond?

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