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A. You have a bond valued at $1,000. This is a semiannual coupon bond maturing in 5 years with a coupon rate of 8%. Determine

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A. You have a bond valued at $1,000. This is a semiannual coupon bond maturing in 5 years with a coupon rate of 8%. Determine the price of this bond Assume the yield to maturity is 8.7%. B. You held the bond from Part A for two years and sell it following a coupon payment. Assuming the yield to maturity is now 7%, determine the selling price you received for the bond

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