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1. A 100-year corporate bond has a coupon rate of 9 % with annual payments. If interest rates drop to 4% on similar bonds, then

1. A 100-year corporate bond has a coupon rate of 9% with annual payments. If interest rates drop to 4% on similar bonds, then what is the value of the bond in the marketplace?

2. A 100-year corporate bond has a coupon rate of 9% with monthly payments. If interest rates drop to 4% on similar bonds, then what is the value of the bond in the marketplace?

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