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Now, if we have a bond with a discount rate of 10%, pays $60 every year for the next 5 years and also pays $1000
Now, if we have a bond with a discount rate of 10%, pays $60 every year for the next 5 years and also pays $1000 at the end of five years, then the value today is:
RATE: 10%
NPER: 5
PMT: $60
PV: ??
FV: $1000
What is the PV calculation?
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