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. 4. (20 points) A five-year bond with a face value of $100 and a yield of 6% (continuously com- pounded) pays an 8% coupon

. 4. (20 points) A five-year bond with a face value of $100 and a yield of 6% (continuously com- pounded) pays an 8% coupon at the end of each year. (a) What is the bond's price? (b) What is the ...

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