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(b) The information of bonds is given below: Face Value Time to maturity [Coupon Rate | Bond Price S) 100 100 100 100 ears 99.2
(b) The information of bonds is given below: Face Value Time to maturity [Coupon Rate | Bond Price S) 100 100 100 100 ears 99.2 97.1 94.3 92.5 0.5 2.0 A 2-year $10,000 par value bond with 6% semi-annual coupon is purchased (i) Calculate the price of this 2-year bond (ii) Evaluate the par yield of this 2-year bond. (iii) Determine the Macaulay duration of this 2-year bond
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