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Determine the present value of each of three annual coupon payments for a bond with a...

Determine the present value of each of three annual coupon payments for a bond with a maturity of four years that pays $500 coupons each year beginning one year from now and has a face value of $20,000. (Assume a current market interest rate of 6%.) What is the current market value of this bond? round to 3 decimals

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Answer:- Summarized the data provided in the question; Given that, PV of 1st coupon = 500/1.06 471.70 PV of and coupon 500/1.PLEASE - - - - PLEASE KINDLY UP-VOTE. IT HELPS ME A LOT. THANK YOU IN ADVANCE.

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