Question: 14. PREPA is offering a $45 bond, payable semi-annually, for the next 20 years. The prevailing market interest rate is 8%. What is the value

14. PREPA is offering a $45 bond, payable semi-annually, for the next 20 years. The prevailing market interest rate is 8%. What is the value of the bond? Present value $ ____________ sold at a premium or discount ______________

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