Compute the present value of a five-year bond with a face value of $3,000, a 10% annual

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Compute the present value of a five-year bond with a face value of $3,000, a 10% annual coupon payment, and an 8% effective rate.

Round answers to two decimal places.

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Fundamentals of Corporate Finance

ISBN: 978-1259024962

6th Canadian edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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Posted Date: May 20, 2022 08:47 AM

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Compute the present value of a five-year bond with a face value of $3,000, a 10% annual

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Fundamentals of Corporate Finance

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