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Compute the price of a 9% coupon bond with 20 years to maturity and a par value of $1,000 and a required interest rate of
Compute the price of a 9% coupon bond with 20 years to maturity and a par value of $1,000 and a required interest rate of 12%. Assume the coupons are semi-annual. (15 pts)
please show full work. include excel if needed
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