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You own a 25-year maturity bond that you purchased 5 years ago. The bond pays $90 in annual interest, with a $1,000 par value. Your
You own a 25-year maturity bond that you purchased 5 years ago. The bond pays $90 in annual interest, with a $1,000 par value. Your required rate of return is 6 percent.
How much is the value of this bond today?
Group of answer choices
$1,344,098
$1,032.292
$1,000
$1,383.5
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