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It is your lucky day: you have been fired from your job. But when your stupid boss kicked you out of the office, he accidentally handed you two $100,000-dollar bearer bonds (non-registered bonds – you only need to present the coupons for payment) with the stack of papers that he cleared from your desk. The bonds have a 10% annual coupon and maturity of five years. If the current market rate on the bonds is 8.7%, what is this severance package worth? Solve with Excel.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92800032

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