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Bond A is a $1,000,6% quarterly coupon bond with 5 years to maturity. (a) If you bought Bond A today at a yield of 8%

Bond A is a $1,000,6% quarterly coupon bond with 5 years to maturity. (a) If you bought Bond A today at a yield of 8% compounded quarterly, what is your purchase price? Is this a premium bond? (4 marks)

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