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2. A 20-year bond has a 4% coupon rate, with coupon payment made semi-annually, and a $1,000 face value. If you require a 6% rate

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2. A 20-year bond has a 4% coupon rate, with coupon payment made semi-annually, and a $1,000 face value. If you require a 6% rate of return, what is the maximum price you would be willing to pay for the bond? 3. If you pay $12,000 for a 10-year bond with a 7% coupon rate, paid semi-annually, and a face value of $10,000, what is your yield to maturity

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