Calculate the present value of a bond

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Reference no: EM131307866

Calculate the present value of a bond that pays a coupon rate of 3% per year for 10 years, and matures in 10 years at its face value of $1000, using each of the following current market interest rates as the discount rate:(a) 2%;(b) 3%; (c) 5%. Show your calculations.

Reference no: EM131307866

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