Suppose that there is a bond that will pay 500 for each of, Business Economics

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Suppose that there is a bond that will pay 500 for each of

Suppose that there is a bond that will pay $500 for each of the next three years (the first payment is one year from now). At the end of three years the bond matures and the holder receives the $10,000 face value of the bond. If the market rate is 4%, what is the present value of the bond?

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