Question: Here is an excerpt from a bond table in the Globe and Mail, dated June 1, 2020: Maturity Date Coupon Rate Bid Price Ask Price

Here is an excerpt from a bond table in the Globe and Mail, dated June 1, 2020:

Maturity Date	Coupon Rate	Bid Price	Ask Price	Bid Yield	Ask yield
2025-06-01	9	163.14	163.24	3.54	3.53

In reference to the Government of Canada bond maturing on June 1, 2025 (above), answer the following question:

What is the present value of the bond if you bought it June 1, 2020 and kept it until it matured on June 1, 2025? The expected interest rate is 3.8%.

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