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please use excel for your explanation and solution What is the value today of a bond with a par value of $1,000 and an annual

please use excel for your explanation and solution

What is the value today of a bond with a par value of $1,000 and an annual coupon of 4% maturing in 5 years and the current market rate for a similar bond is 6% Select one: a. $915.75 O b. none of these c. $950 Od $1,000 o e $960

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