Question: PUT ANSWER IN TWO DECIMAL PLACES 13. A bond will pay 550 every quarter for the next 10 years. At the end of the tenth

 PUT ANSWER IN TWO DECIMAL PLACES 13. A bond will pay
PUT ANSWER IN TWO DECIMAL PLACES

13. A bond will pay 550 every quarter for the next 10 years. At the end of the tenth year, you will receive the principal of $5000 In addition to the coupon What is the present value of the bond, assuming an expected rate of return of 65%

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