What is the present value of the bond

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Question - ABC Paper Corporation is looking to sell $50,000 in bonds with $4,000 in coupon interest payments, and a 6% interest rate due in 10 years. Assume that the 3 digit present value of the bond is .512, and the 3 digit present value of the coupon interest payment is 4.98. What is the present value of the bond?

Reference no: EM133040171

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