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Benjamin is interested in a bond that matures in 20 years. It has a face value...

Benjamin is interested in a bond that matures in 20 years. It has a face value of $8,000 and a coupon rate of 10%. Like most bonds, it pays the bearer an interest payment every 6 months. What is the cash timeline for this problem? How much is it worth today if the prevailing interest rate is 8% per year?

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