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A bond has a par value of $1,000. The bond pays $40 in interest every 6 months and will mature in 10 years. Calculate the
A bond has a par value of $1,000. The bond pays $40 in interest every 6 months and will mature in 10 years. Calculate the price if the yield to maturity on the bonds is 7, 8, and 9 percent, respectively. Compute the coupon rate on the bonds
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