RECOMMENDED!!You hold a marketable bond with a remaining

  

You hold a marketable bond with a remaining life of 5 years. The par value of your bond is $10,000 and it pays an annual interest rate of 8%, payable semi-annually (twice a year). Bonds with your attributes are currently paying 10% per annum. If you were to sell your bond today, what is the amount that someone should offer you (in other words, the market value of your bond!).

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