An investor purchases a 20-year 1000 par value bond that
An investor purchases a 20-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, what is the current market value of the bond?
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an investor purchases a 20-year 1000 par value bond that pays semiannual interest of 40 if the semiannual market rate
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