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What is the NPV of the following Bond Contract Coupon payments of $ 3 0 , 0 0 0 each year for the next 8

What is the NPV of the following Bond Contract

Coupon payments of $

30, 000

each year for the next

8

years

1, 000, 000

principal payment at the end of the

8

th year

The market rate of interest is

10 %

Assume annual compounding. Round to the nearest dollar.

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