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A 7% coupon bond has a par value of $1,000 and a yield-to-maturity of 4.5%. You purchase the bond when it has exactly 7 years
A 7\% coupon bond has a par value of $1,000 and a yield-to-maturity of 4.5%. You purchase the bond when it has exactly 7 years remaining until maturity. You hold the bond for 6 months, collect the coupon payment, and then sell the bond immediately. If the bond's yield-to-maturity doesn't change between the time you buy and sell the bond, what is your percentage return over this 6 -month holding period? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 6.25%, enter. 0625. Eliah is planning for his son's college. He expects to need to need 6 annual payments of $45,000 each, with the first annual payment occurring 15 years from today. If Eliah wants to fully fund the entire bill with a single deposit today and the discount rate is 6%, how much should he deposit? Round your answer to the nearest dollar
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