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4. Consider a $1,000 par value bond that offers a coupon rate of 8% per year and matures in twelve years. [13 points) (a) Calculate

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4. Consider a $1,000 par value bond that offers a coupon rate of 8% per year and matures in twelve years. [13 points) (a) Calculate the price of this bond to an investor who requires a 9% annual rate of return. (b) Suppose interest is paid semiannually. Calculate the price of this bond for an investor who requires a 10% annual rate of return

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