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Question 22 (1 point) Calculate the cash value of a bond that will mature with a value of $16 500 in 7 years and 5 months. Th
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Answer #1

$ Value of Bond on Maturity Time (7.417 x 2) Rate (5.8% /2) 16,500 14.833 2.90% PV factor (2.9%, 14.833) 0.654399 Cash Value

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