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4. An 8-year bond has a par value of $1000. The interest payment is $45 payable semi- annually and the current required market rate of

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4. An 8-year bond has a par value of $1000. The interest payment is $45 payable semi- annually and the current required market rate of return is 9.50%. a. What is the coupon rate? b. Draw a complete CF diagram, including maturity value, interest payments and kd. C. Are you expecting the bond to have a par, discount or a premium price? Why? d. Input the proper variables into the bond formula and solve mathematically. Show all work

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