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Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods) 59 60 Cash Flows $20.14 $20.14
Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods) 59 60 Cash Flows $20.14 $20.14 $20.14$20.14+$1,000 a. What is the maturity of the bond (in years)? b. What is the coupon rate (as a percentage)? a. What is the maturity of the bond (in years)? The maturity is years. (Round to the nearest integer.)
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