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Nicky wanted to buy a bond that has a $500 face value, 10 years to maturity, and a 4 percent coupon rate, and a yield

Nicky wanted to buy a bond that has a $500 face value, 10 years to maturity, and a 4 percent coupon rate, and a yield of 4.5 percent. Nicky would like to know its actual worth based on the sum of the present value of the coupon and the principal.

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