Question: 24. Consider a bond purchased January 2018 with face value $1000 espiring in Januray 2020. This bond pays a coupon of $30 every year on

24. Consider a bond purchased January 2018 with face value $1000

24. Consider a bond purchased January 2018 with face value $1000 espiring in Januray 2020. This bond pays a coupon of $30 every year on December 31. If the interest rate on the bond is 2% compounded annually, determine the current value of the bond

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