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4) A coupon bond pays this amount every 6 months; $ 30.00 bgs for the number of payments/year; 2 The bond also pays at maturity

4) A coupon bond pays this amount every 6 months; $ 30.00 bgs
for the number of payments/year; 2
The bond also pays at maturity the par (face) value; $ 1,000.00
Number of years until maturity 15
The required return of holders of this bond is; 8.00% bgs
a) What is the PV of the CFs, or what would be the fair price to purchase this bond?
b) If the required return of holders of this bond is; 6.00% bgs
What is the PV of the CFs, or what would be the fair price to purchase this bond?
c) If the required return of holders of this bond is; 4.00%
What is the PV of the CFs, or what would be the fair price to purchase this bond? to purchase this bond?
bgs
d) If the previous bond sells for; $ (976.00)
What must be the yield to maturity for this bond (aka IRR) ? (to nearest b.p.) 0

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