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A $5000 bond is redeemable at par on March 15, 2022. It pays semi-annual coupons at j2=6%. Determine the price of the bond on the

A $5000 bond is redeemable at par on March 15, 2022. It pays semi-annual coupons at j2=6%. Determine the price of the bond on the following yield rates:

(a) September 15, 2010, and j2=7%

(b) March 15, 2011, and j2=5.5%

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