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3 - Given the information below, calculate the purchase price of the bond. Maturity 8 years Par Value: $ 1000 Coupon Rate: 1.5% Coupon payments

3 - Given the information below, calculate the purchase price of the bond. Maturity 8 years Par Value: $ 1000 Coupon Rate: 1.5% Coupon payments are made annually Market Rate (Yield ) 2.30% $

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