The value of a bond at any given time is the sum of

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The value of a bond at any given time is the present value of future interest payments and the present value of the par value. This is because a bond's value represents the discounted value of all future cash flows, which consist of interest payments and the repayment of principal (par value) at maturity. Option A includes the future interest payments and par value instead of their present value. Option C involves calculating the future value of cash flows, which is not relevant when determining the current value of a bond. Option D includes market value, which is not a component of a bond's value. Option E includes the future value of the par value, which is not relevant when determining the present value of a bond.

The Value of a Bond at Any Given Time Is