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A corporate bond has a coupon rate of 7%, a face value of $100 and a maturity of 5 years. Assume that coupon payments are

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A corporate bond has a coupon rate of 7%, a face value of $100 and a maturity of 5 years. Assume that coupon payments are made semi-annually, and investors require a 6% return. The value of the bond is $97.86. There is only one face value of $100 paid in 5 years. Each coupon payment is $3 every six months for five years

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