Consider a coupon bond that pays $150 every year and repays its principal amount of $2,000 at the end of six years.
If the annual rate of discount is 7.5 percent, what is the present value of the bond?

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The Answer of Consider a coupon bond that pays $150 every year and repays its principal amount of $2,000 at the end of six years.
If the annual rate of discount is 7.5 percent, what is the present value of the bond?

Consider a Coupon Bond That Pays $150 Every Year and Repays