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A $5000 bond maturing at 105 on September 1, 2042, has semi-annual coupons at 7%. a) Determine the purchase price on March 1, 2021, to

A $5000 bond maturing at 105 on September 1, 2042, has semi-annual coupons at 7%. a) Determine the purchase price on March 1, 2021, to guarantee a yield of j2=6.8%. b) Determine the purchase price per $100 unit. ((a) $5171.50 (b) $103.43 (answers)

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