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If the interest rate remains constant at 7 what is the

Question - A four year bond with a face value of $1,000 pays $150 in interest at the end of years one, two, and three. The bond will pay $1,150 at the end of the fourth year, when it matures. If the interest rate remains constant at 7%, what is the present value of this bond? Enter your answer rounded to the nearest penny.

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Accounting Basics: If the interest rate remains constant at 7 what is the

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