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b) A bond is offering 10 semi-annual payments of $50 until maturity in 2027 , when the principal, $1000 will be paid. What is the

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b) A bond is offering 10 semi-annual payments of $50 until maturity in 2027 , when the principal, $1000 will be paid. What is the current value of the bond given that the yield of bonds with similar risk is 8% (annual effective yield- semi-annual yield is (1.08)1/21=0.039) For which yield will the price be exactly $1000 (face or par value?)

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