Question: Part E: Your are thinking about buying a $1,000 bond issued by the Appalachian Development Authority. The bond will pay $110 interest at the end

Part E: Your are thinking about buying a $1,000 bond issued by the Appalachian Development Authority. The bond will pay $110 interest at the end of the next five years (Years 1 to 5). At the end of Year 6, the bond will pay the coupon plus face value, or $1,110. If the relevant discount rate is 7%, what is the present value of the bond's future payments? make a table year | payment 1 2 3 4 5 discount rate: value:

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