What is the present value of the face value

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Question - Xanth is growing its common dividend at 2% per year, it pays a $3 preferred dividend, and has issued a bond with 10 years to maturity. The bond pays a $100 annual coupon. Similar bonds yield 10% at present. What is the present value of the $1000 face value to be paid at maturity?

Reference no: EM133144531

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