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6. A municipal bond that has been issued for a high-growth California community matures in 5 years and will pay an annual coupon rate of

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6. A municipal bond that has been issued for a high-growth California community matures in 5 years and will pay an annual coupon rate of 6% semi-annually. If the yield to maturity is 4.5% what is the value of the bond? Current Bond Price Calculation =

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