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Assume that a bond will make payments every six months as shown on the followingtimeline: The timeline starts at Period 0 and ends at Period
Assume that a bond will make payments every six months as shown on the followingtimeline:
The timeline starts at Period 0 and ends at Period 22. It shows cash flows of $35.00 in each period from Period 1 to Period 21. In Period 22, the cash flow is $1,035.00.
a. What is the maturity of the bond(in years)?
The maturity of the bond in years? (Round to the nearestinteger.)
b. What is the coupon rate(in percent)? (Round to two decimalplaces.)
c. What is the facevalue? (Round to the nearestdollar.)
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