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A friend of yours purchased $50 000 (face value) of Sorting Corporation bonds for $62 500 on March 1. 2014 the bonds were issued on

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A friend of yours purchased $50 000 (face value) of Sorting Corporation bonds for $62 500 on March 1. 2014 the bonds were issued on September 1. 2006 have a 6% annual coupon rate, and pay interest semiannually on February 28 and August 31. It is now Match 23, 2017. and your friend has received all of the coupon payments since she acquired the bonds the bonds mature on August 31, 2031 Answer the following questions concerning this investment What is the amount of the coupon payments that your friend received on August 31, 2014 February 28. 2015. August 31, 2015 February 28 2016 August 31. 2016 and February 26 2017? What was the Yield to Maturity your friend expected when she purchased the bonds in 2014? the yield-to-maturity is effectively the internal rate of return if she holds the bonds until they mature and collects all of the promised coupon and the maturity value when the bond mature

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