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1. What is the market value of the following bond? Coupon 8% 0.04 Answer: 619.23 Maturity date 2038 48 Interest paid semiannually 40 Par Value

1. What is the market value of the following bond? Coupon 8% 0.04 Answer: 619.23 Maturity date 2038 48 Interest paid semiannually 40 Par Value $1000 Market interest rate 10% 0.05

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