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1) A coupon bond that pays interest annually has a par value of $1000, matures in 2 years, and has a yield to maturity of

1) A coupon bond that pays interest annually has a par value of $1000, matures in 2 years, and has a yield to maturity of 6%. If the coupon rate is 5%, the value of the bond today will be __________. "

2)A coupon bond that pays interest quarterly is reported in the Wall Street Journal as having an ask price of 120% of its $1000 par value. If the last interest payment was made 2 months ago and the coupon rate is 9%, the invoice price of the bond will be _________. "

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