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What is the present value of the bond described below. -Par value of $100,000 -Coupon rate of 6% -Annual coupon payment -Maturity is 10 years

What is the present value of the bond described below.

-Par value of $100,000

-Coupon rate of 6%

-Annual coupon payment

-Maturity is 10 years

-Required return (also known as discount rate) is 7%

EDIT: Please show the work in order for me to understand

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