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Please help me solve this and explain the steps. Thank you! Can the following equation be used to find the value of a bond with

Please help me solve this and explain the steps. Thank you!

Can the following equation be used to find the value of a bond with N years to maturity that pays interest once a year? Assume that the bond was issued several years ago. V_B = sigma_t = 1^N Annual interest/(1 + r_d)^t + Par value/(1 + r_d)^N

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