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a. What is the market price of a bond with a maturity of 14 years, a coupon rate of 4.9% paid semi-annually, a par value

a. What is the market price of a bond with a maturity of 14 years, a coupon rate of 4.9% paid semi-annually, a par value of $1000, and a yield to maturity of 4.0%. (Round your answer to the nearest penny.)

b. What is the current yield on a zero coupon bond with a remaining life of 9 years, a yield to maturity of 8.3%, and a par value of $1000? (Round to 100th of a percent and enter as a percentage, e.g. 12.34% as 12.34 and state as an annual rate.

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