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A five-year bond with a yield of 10.8% continuously compounded pays an 8% coupon at the end of each year. What is the bond's price?

A five-year bond with a yield of 10.8% continuously compounded pays an 8% coupon at the end of each year. What is the bond's price?

(Please try to write down the solutions as clear as possible, I really want to learn bout finance)

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