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Bell Canada issues a 2 0 year bond with 3 % coupon rate ( paid semi - annually. ) Other similar Bell Canada bonds a
Bell Canada issues a year bond with coupon rate paid semiannually. Other similar Bell Canada bonds a yield of These bonds are quoted on a bond equivalent yield basis, ie compounded semiannually. The bond has a face value of $ What is the fair market value of the bond?
Do not round intermediate calculations. Round the final answers to decimal places. Omit $ sign in your response.
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