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Question 3 (10 points) Calculate the market value (amount of cash proceeds) of the $100,000 bond we are selling given that the annual contract rate

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Question 3 (10 points) Calculate the market value (amount of cash proceeds) of the $100,000 bond we are selling given that the annual contract rate is 0%, market interest rate is 6%, and the bond is due in 5 years. Assume interest is paid every six months. Show your work

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