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c) You are holding a par bond with a 3-year maturity, which pays coupon rate of 8% and is selling at par. Assume that immediately

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c) You are holding a par bond with a 3-year maturity, which pays coupon rate of 8% and is selling at par. Assume that immediately after the purchase, market rates for this bond drop to 4%. What is the bond new price? What will be the realized compound yield if the bond is held to maturity? (Assume annual coupons)

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