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The value on January 31, 2018 of a bond with a face value of $50,000 that matures on July 31, 2030 with annual coupon payments of $1500 per year paid on July 31 of each year up till and including 2030 assuming an annual interest rate of 3%. [Note: This bond was a twenty year bond originally issued on July 31, 2010, but you are evaluating its value on behalf of a financial client who is considering its sale.]

Financial Management, Finance

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