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22. A bond has a coupon of 7%, paid annually. The bond yields 5.50%. It has 10 years to maturity and face value of 1000.

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22. A bond has a coupon of 7%, paid annually. The bond yields 5.50%. It has 10 years to maturity and face value of 1000. What should the bond's price be? mo 23. In the previous problem, calculate the portion of the bond that comes from the annuity and the portion that comes from the balloon payment. a. Annuity b. Balloon (Maturity)

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