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Q- Consider a ten-year coupon bond that has a present value of $5,000. If the rate of discount is 5 percent, and the payment made
Q- Consider a ten-year coupon bond that has a present value of $5,000. If the rate of discount is 5 percent, and the payment made at the end of each year is $250, what is the principal amount to be repaid at the end of ten years? Show the work.
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