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  Consider a coupon bond that pays $350 every year and repays its principal amount of $5,000...


  Consider a coupon bond that pays $350 every year and repays its principal amount of $5,000 at the end of four years. If the annual rate of discount is 6 percent, what is the present value of the bond?
      
$5,173.26
      
$4,542.33
      
$6,548,15
      
$5,534,18

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