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Assume that it is May 15, 2022, and the Government of Canada has just issued bonds with a May 2027 maturity, $1000 par value, and
Assume that it is May 15, 2022, and the Government of Canada has just issued bonds with a May 2027 maturity, $1000 par value, and a 5% coupon rate with semi-annual coupons. The first coupon payment will be paid on November 15, 2022. What cash flows will you receive if you hold this bond until maturity?
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