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Assume that a bond makes 1 0 equal annual payments of $ 1 , 0 0 0 starting one year from today. The bond will
Assume that a bond makes equal annual payments of $ starting one year from today. The bond will make an additional payment of $ at the end of the last year, year This security is sometimes referred to as a coupon bond. If the discount rate is per annum, what is the current price of the bond?
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