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Using a financial calculator, compute the present value of the cash flows this asset is expected to produce. Enter this value into the final

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Using a financial calculator, compute the present value of the cash flows this asset is expected to produce. Enter this value into the final row of the following table. Note: Make sure your calculator is set to END mode. Input Keystroke Output N I/Y PV PMT $1,000 FV The absolute value of the present value your calculator computed is the market price of the bond. Because the market price is the par value, your friend purchased a bond.

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