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(1 point) A bond with a face value of $6000 is redeemable at 109, 10 years from now. Suppose that it pays monthly coupons at

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(1 point) A bond with a face value of $6000 is redeemable at 109, 10 years from now. Suppose that it pays monthly coupons at 9% compounded monthly and has a yield rate of 7.7% compounded monthly. a) How large is each coupon payment? Answer: $ b) What is the redemption value of the bond

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