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Given the following information, calculate the present value of the following $1,000 bond that pays...

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Question

Finance

Given the following information, calculate the present value of the following $1,000 bond that pays semi-annual coupons. Coupon Rate: 9% Interest Rate: 10% Maturity: 9 years

Group of answer choices

$917

$942

$964

$1,000

$1,468

Answer & Explanation Solved by verified expert
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