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6. An 8% bond makes semiannual coupon payments. There are two further coupons to be paid, and the bond matures at $100 in 273 days

6. An 8% bond makes semiannual coupon payments. There are two further coupons to be paid, and the

bond matures at $100 in 273 days (there are 182 days in a coupon period). If the yield to maturity is

6%, then what is the price of the bond? (4 marks)

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