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5. On January 15, 1992 WE Inc. issued 20-year bonds having a 7.6% coupon rate (semi-annual compounding and interest payments). (Redemption date is on Jan

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5. On January 15, 1992 WE Inc. issued 20-year bonds having a 7.6% coupon rate (semi-annual compounding and interest payments). (Redemption date is on Jan 15, 2012) (a) At what price did S1000 face value bonds trade on April 10, 2002, if the required return was 6.2% compounded semi- annually [6] (b) What was an accrued interest? [2] (c) What was quoted price? [2] (d) What was premium/discount? [2]

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