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A $1,000,000 issue of 10-year bond redeemable at par offers 8.5% coupons payable semi-annually with a yield at 63% compounded monthly Answer the following questions,

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A $1,000,000 issue of 10-year bond redeemable at par offers 8.5% coupons payable semi-annually with a yield at 63% compounded monthly Answer the following questions, and choose the closest answer from the possible choices following each question What is the market yield of the bond? (Express in percentage with four decimal places i.e. .0001%) Choose . Choose Choose . What is the coupon rate (or bond rate) of the bond? (Express in percentage with four decimal places ie, .0001%) Which rate over each payment interval do you use for calculating the purchase price manually using the formula approach? (Express in percentage with four decimal places ie, 000199) What is the purchase price of the bond? This is a bond selling at (choose from "par, a premium or a discount"> Choose Choose

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