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30) Suppose that you currently hold a bond with a face value of $1000, six-year maturity that pays 8 percent coupons with an 8 percent

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30) Suppose that you currently hold a bond with a face value of $1000, six-year maturity that pays 8 percent coupons with an 8 percent yield to maturity, with annual coupon payment. Also, suppose that for esch of the fint five years that you receive coupon payments, you reinvest each coupon puyment into an asset that pays 98 . interest. What is your reinvestment income at the end of year 5? What is the duration of an 8 percent semi-annual payment onc-year note that currently sells at par? Face value is 5100 . Please show your work (i.e, show all the numbers in the numerator and the denominator). Dimionistrite that you know how to compute duration. To save time, you do get need to calculate the final answer, but you can if you want to. 31) Suppose that you currently hold a bond with a face value of 51000 , six-year maturity that pays 7 percent coupons with a 7 percent yield to maturity, with annual coupon payment. Af the end of year 5 , the yield to maturity is 9%. What's the price of the bond if you are to sell the bond at the end of year 5

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