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Marie just purchased a 4-year, $30,000 bond with an 11% semi-annual coupon. At the moment, comparable bonds have a nominal annual interest rate of 9%.

Marie just purchased a 4-year, $30,000 bond with an 11% semi-annual coupon. At the moment, comparable bonds have a nominal annual interest rate of 9%. What is the present value of Marie's bond? $31,076.26. $31,978.77. $36,995.68. $42,861.98

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