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Variable Value Description T 10 Maturity c 10% Coupon rate C $100.00 Coupon ($) r 10% discount rate Face value $1,000.00 Method 2 Bond value=PV

Variable Value Description T 10 Maturity c 10% Coupon rate C $100.00 Coupon ($) r 10% discount rate Face value $1,000.00

Method 2 Bond value=PV of an annuity (coupons)+PV (face value) using excel

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