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

Here is an excerpt from a bond table in the Globe and Mail, dated June 1, 2020: Maturity Coupon Bid Ask Bid Ask Date Rate Price Price Yield 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%. For the toolbars ALT F10 (PC) or ALT+FN.F10 (Mac)

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