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Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods): The timeline starts at Period 0
Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods): The timeline starts at Period 0 and ends at Period 30. The timeline shows a cash flow of $ 20.02 each from Period 1 to Period 29. In Period 30, the cash flow is $ 20.02 plus $ 1,000. Period0122930 Cash Flows$20.02$20.02$20.02$20.02+$1,000 a. What is the maturity of the bond (in years)? b. What is the coupon rate (as a percentage)?
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