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Assuming that the current interest rate is 6 percent, compute the present value of a five-year, 10 percent coupon bond with a face value of $1,000. What happens when the interest rate goes to 7 percent? What happens when the interest rate goes to 5 percent? Instructions: Enter your responses rounded to the nearest penny (two decimal places). PV at an interest rate of 6%-$ PV at an interest rate of 7%-$ The present value (Click to select) when the interest rate rises to 7 percent. PV at an interest rate of 5% = $ The present value(Click to select) when the interest rate falls to 5 percent.

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