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A Government of Canada bond has a 6 percent coupon which pays semi-annually and matures in 10 years. If interest rates have declined to 5.4

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A Government of Canada bond has a 6 percent coupon which pays semi-annually and matures in 10 years. If interest rates have declined to 5.4 percent for similar bonds, what should be the price for this bond? (Assume $1000 par value) a $1504.86 O b. $1045.44 OC. $1000 O d. $1045.90

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