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A bond ETF named TEX, comprises four bonds ( face value = $ 1 0 0 0 ) : 1 ) There are 5 0
A bond ETF named TEX, comprises four bonds face value $: There are bonds with semiannual payments, year maturity, annual coupon rate. There are bonds with annual payments, year maturity, annual coupon rate. There are zero coupon bond with year maturity. There are zero coupon bond with year maturity. To investor A if hisher required yield is per year, what is the present value for each bond? To investor A what is the fair value of the entire TEX portfolio given these bonds' present values from question What is each bond's market value weight in the portfolio? To investor B if hisher required yield is per year, what is the present value for each bond? What is the fair value of the entire TEX portfolio given these bonds' present values? credit To investor A which are premium bonds and which are discount bonds? If these bonds' yield to maturity remain constant which means market interest rate remains constant then in one year will each bond's price be higher, lower, or unchanged? To investor A and focusing on the first bond with semiannual payments, if the last interest payment was made days ago, what is the accrued interest and invoice price if the clean price is the present value of the bond? To investor B and focusing on the second bond with annual payments, if the last interest payment was made months ago, what is the accrued interest and invoice price if the clean price is the present value of the bond?
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