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Calculate the present value  of a bond with the following features •       ...

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Calculate the present value  of a bond with the following features

•       

Coupon

rate = 8%

•        SEMI-

Annual

coupons

•       

Par

= $1,000

•       

Maturity

= 10 years

•       

YTM

(Yield to Maturity) = 11%

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