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6 QUESTION 6 Assume a 10-year coupon-bearing bond with a 6% coupon rate and a face value of 100. Coupon payments are made at the

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QUESTION 6 Assume a 10-year coupon-bearing bond with a 6% coupon rate and a face value of 100. Coupon payments are made at the end of each year. The effective annual interest rate is 4%. What is the value of the bond at its issuance (i.e., at time t=0)? 91.68 108.53 116.22 91.47

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