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59pm The Sisyphean Company has a bond outstanding with a face value of $5.000 that reaches maturity in 8 years rate for this
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Answer #1

Current price is calculated using the PV function:-

=PV(rate,nper,pmt,fv)

=PV(9.8%/2,8*2,8.6%/2*5000,5000)

=4673

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