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Question
Consider a two-year coupon bond that has a present value of $10,000. If the rate of discount is 3 percent, and the payment made at the end of each year is $300, the principal amount to be repaid at the end of two years isa. $10,000.00.
b. $10,300.00.
c. $33,333.33.
d. $333,333.33.
Answer
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