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1) A government of Canada bond has a face value of $1,000. The coupon is paid semi-annually and the yield to maturity is 12%. How

1) A government of Canada bond has a face value of $1,000. The coupon is paid semi-annually and the yield to maturity is 12%. How much would you pay for the bond if:

a) The coupon rate is 8% and the time to maturity is 20 years?

b) The coupon rate is 14% and the time to maturity is 15 years?

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