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1) lee's ice Gream bonds mature in 12 years, have a par value of $1,000, and make annual coupon payenents of 540 . The market

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1) lee's ice Gream bonds mature in 12 years, have a par value of $1,000, and make annual coupon payenents of 540 . The market requires an intereit rate of 5.5% on bonds of similar riak What is this bond's peice in the market? 2.) What is the velue of a bond with the following charatterlitics: Maturity 6 years, par value $1.000.8K coupon interest paid semt-antually. The market requires an interest rate of 5K on bonds of simifar risk 1.) Cxplain why the bond in 1 is trading at a value beiom par and the bond in 7 is trading at a value apove par

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