6. Three bonds have face value of $1,000, coupon rate of 12 per cent and maturity of...
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6. Three bonds have face value of $1,000, coupon rate of 12 per cent and maturity of 5 years. One pays interest annually, one pays interest half-yearly, and one pays interest quarterly. Calculate the prices of bonds if the required rate of return is
(a) 10 per cent,
(b) 12 per cent and
(c) 16 per cent.
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