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What is the present value of the bond if you assume the following information for an existing bond that provides annual coupon payments: Par value
What is the present value of the bond if you assume the following information for an existing bond that provides annual coupon payments:
Par value = $5,000
Coupon rate = 3.25%
Maturity = 3 years
Required rate of return by investors = 3.45%
Group of answer choices
$4,669
$4,792
$4,972
$5,152
$5,251
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