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1. A bond pays a semi-annual coupon at a coupon rate of 4.3% and has 3 years to maturity. If the market discount rate is

1. A bond pays a semi-annual coupon at a coupon rate of 4.3% and has 3 years to maturity. If the market discount rate is 7.7%, what is the value of the bond (per $100 of face value)? a. $89.750 b. $91...

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