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Calculate price of a 20-year bond that makes semi-annual coupon payments. The semiannual coupon rate is 4%, the face value is $1000, and the semiannual
Calculate price of a 20-year bond that makes semi-annual coupon payments. The semiannual coupon rate is 4%, the face value is $1000, and the semiannual discount rate is 5%. What is the price of the bond if the next coupon is paid in 6 months? What is the price of the bond if the next coupon is paid in 2 months?
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