If investors require a return equal to 6 percent to invest, Finance Basics

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If investors require a return equal to 6 percent to invest

Lightning electric outstanding bond has a $1,000 maturity value and a 4.5 percent coupon which was issued five years ago, matures in 10 years. If investors require a return equal to 6 percent to invest in similar bonds, what is the current market value of lightning's bond calculations.

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Finance Basics: If investors require a return equal to 6 percent to invest

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