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Assume that a bond will make payments every six months as shown on the following timeline (using six month periods) Period 0 1 2 59
Assume that a bond will make payments every six months as shown on the following timeline (using six month periods)
Period 0 1 2 59 60
Cash Flows $19.58(1) $19.58(2) $19.58 (59) $19.58 + $1,000 (60)
A. what is the maturity of the bond in(in years)
B. what is the coupon rate (as a percentage)
C. What is the face value? Round to the nearest dollar
(Round the answer to nearest integer)
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