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Question 2 An 8% Commonwealth government treasury bond has five years to maturity. Given that the bond pays interest semi-annually and an interest payment has

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An 8% Commonwealth government treasury bond has five years to maturity. Given that the bond pays interest semi-annually and an interest payment has just been made, what is the current value of the bond if the market interest rate is 11% and the face value of the bond is $100,000?

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