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a. Please write the algebraic expression for the price of a $100 par-value, 4.5% coupon, 20-year bond with semiannual payments, at 5.0% yield to maturity.
a. Please write the algebraic expression for the price of a $100 par-value, 4.5% coupon, 20-year bond with semiannual payments, at 5.0% yield to maturity. You may use equations 10.1 or 10.2 from your text to do this. b. Use the PV function on Excel or a financial calculator to compute this price
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