Question: 5) A 10-year bond pays 5% on a face value of $1,000. If similar bonds are currently yielding 10%, what is the market value of

 5) A 10-year bond pays 5% on a face value of

5) A 10-year bond pays 5% on a face value of $1,000. If similar bonds are currently yielding 10%, what is the market value of the bond? Use annual analysis

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