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What is the present value of a net discount bond with a maturity of 3 years and a par value of 75million? (However, the market
What is the present value of a net discount bond with a maturity of 3 years and a par value of 75million? (However, the market interest rate is 8%.)
a. 59.54 million b. 52.09 million c. 55.34 million d. 57.21 million e. 58.76 million
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