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(1) Assume that you are interested in purchasing a bond that has a required rate of return of 5% and a coupon rate of 12%

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(1) Assume that you are interested in purchasing a bond that has a required rate of return of 5% and a coupon rate of 12% What price should you pay for this bond it has 20 years remaining until maturity? (2) Assume that you are interested in purchasing a band that has a required rate of return of 10% and a coupon rate of 12%. What price should you pay for this bond it has 20 years tomaining until maturity? (3) Assume that you are interested in purchasing a bond that has a required rate of return of 15% and a coupon rate of 12% What price should you pay for this bond it it has 20 yeus remaining until maturity? (4) Discuss your results in numbers 1 to 3 abovo

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