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6. Suppose the demand curve and supply curve for one-year $10,000 Treasury bond (coupon bond) are represented by the following equations: Demand: Bd=25000.3P Supply: Bs=0.1P1000

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6. Suppose the demand curve and supply curve for one-year $10,000 Treasury bond (coupon bond) are represented by the following equations: Demand: Bd=25000.3P Supply: Bs=0.1P1000 where P is the price of the bond, Bd is the quantity of bonds demanded, and Bs is the quantity of bonds supplied. Assume the coupon rate is 5%. A. What is the equilibrium price of the bond? B. What is the equilibrium annual yield of the bond

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