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Assume semi-annual payments. A bond has a coupon rate of 2.8% when yields are 3.17%. If the bond has 23 years to maturity, what is

Assume semi-annual payments. A bond has a coupon rate of 2.8% when yields are 3.17%. If the bond has 23 years to maturity, what is the price of the bond?

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SOLUTION To calculate the price of the bond we need to discount the semiannual coupon payments and the final repayment of the face value par value usi... blur-text-image

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