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a) A bond sells at par and yields 6.21%. What is the bond's coupon payment? Assume semi-annual payments. b) A 12-year bond has a yield
a) A bond sells at par and yields 6.21%. What is the bond's coupon payment? Assume semi-annual payments.
b) A 12-year bond has a yield of 4.4%. The bond does not pay coupons. What is the value of the bond today? Assume semi-annual compounding.
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