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Question: question 1 as a recently hired analystyotasked with evaluating your...

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QUESTION 1 As a recently hired analyst,yotasked with evaluating your firms bond portfolio. The first bond you evaluate has a constant payment of $624 per year and the prospectus claims the present value of the bond is $1,288. What is the interest rate of the bond in question? Make sure you answer the question in the decimal form, that is, 0.05 instead of 5 percent.

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