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3. If today is October 1, 2017, what is the value of the following bond? An IBM bond pays $144 every September 30 for

3. If today is October 1, 2017, what is the value of the following bond? An IBM bond pays $144 every September 30 for 5 years. In September 2020 it pays an additional $1000 and retires the bond. The bond is rated AAA (WSJ AAA YTM is 6.9%). Calculate. I 4. What is the price of a 8.25% annual coupon bond with a $1,000 face value that matures in 3 years? Assume a required return of 0.45%.

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