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A coupon bond with 5 years to maturity is currently selling at 8% APR with semi- annual compounding. The bond has monthly coupon payments of

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A coupon bond with 5 years to maturity is currently selling at 8% APR with semi- annual compounding. The bond has monthly coupon payments of $20 and is currently selling at $4212. What is the face value of this bond? a) $3250 b) $5111 Oc) $4767 ) d) $6580 e) $7020

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