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Question
2 billion, 8%, 10-year bonds are issued at face value. interest will be paid semi-annually. when calculating the market price of the bond, the present value of
a.160,000,000 received for 10 periods must be calculated
b.2 billion received in 10 periods must be calculated
c.2 billion received in 20 periods must be calculated
d.80,000,000 received for 10 periods must be calculated
Answer
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