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Use Given-Required-Solution in answering problems. Provide cash flow diagram. A certain government-issued 10-year bond pays an interest at 16 percent every three months. If the
Use Given-Required-Solution in answering problems. Provide cash flow diagram. A certain government-issued 10-year bond pays an interest at 16 percent every three months. If the total quarterly expense is 83,000 and the bond earns at 20 percent every three months, what is the face value of the bond? How much in the present should he pay for the bond? Round off to two decimal places in the final answer/s
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