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Compute the price of a 25-year bond, which pays 12.88 % coupon daily, when investors require a 8% rate of return on such bonds. What
Compute the price of a 25-year bond, which pays 12.88 % coupon daily, when investors require a 8% rate of return on such bonds. What would be its price 12 years from now, if the required rate of return at the end of 12 years will be 14%? (Assume that there are 365 days in a year).
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