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The Berkshire Hathaway Group has just issued a $100,000 par value bond paying 6% interest with 8 years till maturity. Assuming the current yield on

The Berkshire Hathaway Group has just issued a $100,000 par value bond paying 6% interest with 8 years till maturity. Assuming the current yield on the bond is 10%. What is the total present value of the bond?

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