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3. (12 points) Consider a 5 year bond with annual coupon 6%. a. What is the price of the bond should the required yield is

3. (12 points) Consider a 5 year bond with annual coupon 6%. a. What is the price of the bond should the required yield is 6% (compounding annually)? Show the formula used. (3 points) b. Esti...

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