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The bond consists of a 10-year, 5% annuity of $25/year plus a $500 lump sum at t-10. What is the present value of maturity?
The bond consists of a 10-year, 5% annuity of $25/year plus a $500 lump sum at t-10. What is the present value of maturity?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
