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Navistar Electric issued 1000 debenture bonds 10 years ago with a face value of $5,000 each and a bond interest rate of 14% per year

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Navistar Electric issued 1000 debenture bonds 10 years ago with a face value of $5,000 each and a bond interest rate of 14% per year payable semiannually. The bonds have a maturity date of 20 years from the date they were issued. If the interest rate in the market place is 10% per year compounded semiannually, determine the present worth today of one bond. The present worth of one bond today is $|

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