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Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. The company has...

Humana Inc. is a for-profit American health insurance company based in Louisville, Kentucky. The company has a series of $1,000 par value bonds outstanding. Each bond pays interest annually and carries an annual coupon rate of 8%. Some bonds are due in ten (10) years while others are due in thirty (30) years. If the required rate of return on bonds is 10%, what is the current value of: (PLEASE SHOW YOUR WORK). a) The bonds with 10 years to maturity? Price of bond = coupon payment * [1-(1+i)^-n ]/i + face value/(1+i)^n b) The bonds with 30 years to maturity?

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