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What is the current/present value of a bond worth $10,000, issued for 10 years with a stated rate of 5% and a market rate of
What is the current/present value of a bond worth $10,000, issued for 10 years with a stated rate of 5% and a market rate of 8%, interest paid semi-annually? Multiple choice question.
Approximately $5,000
Approximately $370
Approximately $7,961
Approximately $4,000
Thanks!!!
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