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(10 points) What is the price of the following bond with semiannual coupon payments? Bond Maturity 4 years Coupon rate 6% Discount rate 8% Par
(10 points) What is the price of the following bond with semiannual coupon payments?
| Bond |
Maturity | 4 years |
Coupon rate | 6% |
Discount rate | 8% |
Par value | $1,000 |
Can you please write calculations by hand? Thanks!
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