Question: Solve and Explain how you found this answer please... What is the present value of a simple bond with a face value of $6,000 and

Solve and Explain how you found this answer please...

What is the present value of a simple bond with a face value of $6,000 and makes annual payments of $300 for 5 years at a discount rate of 3%?

A. $5,434.44

B. $6,549.56

C. $7,500.00

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