Question: step by step in solving this. instead of excel please and thanks What is the present value of a bond that has a 100 dollar

step by step in solving this. instead of excel please and

step by step in solving this. instead of excel please and thanks

What is the present value of a bond that has a 100 dollar payment, 10 percent market interest rate, 1000 face value, and 10 year maturity? a. 385.54 b. 1000 c. 614.46 d. 1385.54

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