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Calculate the price of a bond with these characteristics. In each case, assume the coupon rate is 6%, coupon payments are made every six months

Calculate the price of a bond with these characteristics. In each case, assume the coupon rate is 6%, coupon payments are made every six months (twice per year), and the par value (maturity payment) of the bond is 1,000. 1. years to maturity = 5.0; market interest rate = 0.03. 2. years to maturity = 5.0; market interest rate = 0.05. 3. years to maturity = 5.0; market interest rate = 0.09. 4. years to maturity = 8.0; market interest rate = 0.03. 5. years to maturity = 8.0; market interest rate = 0.05. 6. years to maturity = 12.0; market interest rate = 0.05. 7. years to maturity = 12.0; market interest rate = 0.09. 8. years to maturity = 15.0; market interest rate = 0.03. 9. years to maturity = 15.0; market interest rate = 0.05. 10. years to maturity = 15.0; market interest rate = 0.09.

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