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Calculate the fair price of a Bond on January 5 th , 2020. The bond matures on January 6 th , 2025 and has a

Calculate the fair price of a Bond on January 5th, 2020. The bond matures on January 6th, 2025 and has a par value of $1000 and a coupon rate of 10% (semiannual coupon payments). with new bonds of the same maturity and the same credit rating pay 14% semiannually.

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