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A 3 0 - year government bond was issued 1 0 years ago. Its coupon is 8 % and its current price is 1 0

30 -

year government bond was issued

10

years ago. Its coupon

8 %

and its current price is

109

00 * .

If the face value is

1, 000,

what

is the time to maturity, the semiannual coupon payment and the current price of the

bond?

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