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A $1000 face value bond is currently quoted at 98:2. the bond pays semiannual payment of $29.50 and matures in 14 years. What is the
A $1000 face value bond is currently quoted at 98:2. the bond pays semiannual payment of $29.50 and matures in 14 years. What is the coupon rate? What is the year to maturity rate? What is the CY? Please show all the steps.
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