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1 2 . Shankar of Sowmya has a 1 0 % coupon bond that makes quarterly coupon payments. The bond has 1 2 years until

12 .

Shankar of Sowmya has a

10 %

coupon bond that makes quarterly coupon payments. The bond has

12

years until maturity and an

8 %

yield to maturity. The bond is not required to pay coupons for the next two years. What is the bond

s value today?

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