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A bond has a coupon rate of 8 percent and pays coupon quarterly. Suppose it returns the par 5 years from now. How much you

A bond has a coupon rate of 8 percent and pays coupon quarterly. Suppose it returns the par 5 years from now. How much you need to pay if YTM of the market is 12%? What is the EAR? What is the bond price in the 32nd quotation of bond price?

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