Question: Problem 2 : Present Value of a Bond ( Continued ) You purchase a bond for $ 1 , 0 0 0 , 0 0

Problem 2: Present Value of a Bond (Continued)
You purchase a bond for $1,000,000. It is a 10-year bond. The coupon rate of interest is 8%. The market rate of interest is 6%. Interest is paid semiannually. Compute the present value of the bond.
Problem 2: Present Value of a Bond (Continued) You purchase a

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