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1. Assume that the government issued a bond which has 12 years to maturity. If this bond makes quarter payments with a coupon rate of

1. Assume that the government issued a bond which has 12 years to maturity. If this bond makes quarter payments with a coupon rate of 7%, what is the bond's value? (YTM = 10%) (5) (25 Points) 810.50 980 791.70 1020.78

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