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3.1 A 12 percent of $100 government bond pays coupon interest rate twice yearly and mature in 5 years' time. The current market yield on

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3.1 A 12 percent of $100 government bond pays coupon interest rate twice yearly and mature in 5 years' time. The current market yield on the bond is 10 percent per annum. If a coupon payment has just been made, what is the current price of the bond? Face value of the bond =100

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