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1. Consider a bond that pays 6% semiannually and has 10 years to maturity. The market requires an interest rate of 4% on bonds of

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1. Consider a bond that pays 6% semiannually and has 10 years to maturity. The market requires an interest rate of 4% on bonds of this risk. What is this bond's price? (10 Points) 1. Consider a bond that pays 6% semiannually and has 10 years to maturity. The market requires an interest rate of 4% on bonds of this risk. What is this bond's price? (10 Points)

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