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Bond Variables: Face Value (P): $1,000 Coupon Rate (I): 7% (0.07 as a decimal) Time to Maturity (T): 10 years Yield to Maturity (Y): 6% (0.06 as a decimal) Calculate the value of the bond using the bond valuation formula discussed in the reading. Show all your calculations step-by-step and provide the final bond value.Using the bond details from above prove the correctness of your calculated bond value.
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