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Q8. Calculate the present value of the following bond. Only calculate one step at a time. SHOW YOUR WORK - [An 8%, 6-year semi-annual

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Q8. Calculate the present value of the following bond. Only calculate one step at a time. SHOW YOUR WORK - [An 8%, 6-year semi-annual bond with a $10,000 par value and a 6% discount rate] a. Step 1: Present value of the Income Stream (coupons) b. Step 2: Present value of the Principal C. Step 3: Present value of the whole Bond

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