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Using the appropriate discount rate, what is the present value of the cash flow in the last period? Add another row to your spreadsheet. What

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Using the appropriate discount rate, what is the present value of the cash flow in the last period? Add another row to your spreadsheet. What is the sum of present values? This is the fair value of the bond. Using the appropriate discount rate, what is the present value of the cash flow in the last period? Add another row to your spreadsheet. What is the sum of present values? This is the fair value of the bond

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