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2.FunTown Bonds Bond has 20 years to maturity $1,000 par value 3% Coupon Interest Rate You (the investor) require a 5% rate of return on

2.FunTown Bonds Bond has 20 years to maturity $1,000 par value 3% Coupon Interest Rate You (the investor) require a 5% rate of return on this bond a. Calculate the annual interest payment (coupon payment) b. Value the bond (using financial calculator). The PV is the economic/intrinsic value of the bond to this investor based on his required rate of return of 5%. c.You just checked the market price of the bond on your trading platform. You can purchase the bond for $785.23 (price quoted as 78.523). Should you buy the bond at this price? d.Is this a premium or discount bond

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