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10. Bond pricing Understanding Bond Pricing Suppose your friend tells you that she recently purchased a 5-year $6,000.00 bond with a 5% coupon. A month later, she saw it quoted at 105.625, but she does not know what this means. You can tell by the way the band is priced that she has a You explain that the market price of her bond is now bond; otherwise it would have been priced meaning it is now a bond Based on the market price of the bond you calculated, you can tell that market interest rates have gone current yield of the bond is now since the bond was issued. The