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4. A 6% coupon bond makes semiannual coupon payments with a face value equal to $1000 and has 3 years until maturity. The yield to

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4. A 6% coupon bond makes semiannual coupon payments with a face value equal to $1000 and has 3 years until maturity. The yield to maturity is equal to 10%. How many coupons does the bond pay? How large is each coupon payment? b. What is the bond price (as a percentage of par)? c. The yield to maturity decreases. What happens to the price? estherce was ero.com

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