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  3. a $1,000 unit bond has a coupon rate of 4% (intere

A $1,000 unit bond has a coupon rate of 4% (interest paid yearly at $40...

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Accounting

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A $1,000 unit bond has a coupon rate of 4% (interest paid yearly at $40 per year). The bond has five years left until it matures. The current market interest rate equals 5%. Compute the bond's market value today

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