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Question 12 Calculate out the present value of the following bond contract: Coupon payments of $50,000 at the end of each year for the

Question 12 Calculate out the present value of the following bond contract: Coupon payments of $50,000 at the end of each year for the next 15 years with annual compounding $450,000 principal payment at the end of the 15th year The annual market rate of interest is 12% Round to the nearest dollar. 4 pts

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