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3. The face value of a. bond is $1000. This bond has a coupon rate of 6% compounded semiannually with a prevailing interest rate of

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3. The face value of a. bond is $1000. This bond has a coupon rate of 6% compounded semiannually with a prevailing interest rate of 6.5% compounded semialmually. If this is a 10-year bond, what is this bond valued at initially? [ / 3 l 4. A 25-year mortgage of $300,000 was originally agreed to with a 5year term and 3% compounded monthly. After 5 years, another 5-year is agreed to with a 2.7% compounded monthly interest rate. What is the new payment amount? Round your payment calculations up to the next penny. [ / 6 ] Screenshot

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