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What is the market value of a 20-year, 10% bond that pays interest semi-annually? Assume the bond has a $25,000 face value and an 8%

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What is the market value of a 20-year, 10% bond that pays interest semi-annually? Assume the bond has a $25,000 face value and an 8% yield to maturity. Select one: a. $29,909.07 b. $25,000.00 C. $33,405.85 d. $29,948.19

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