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Compute the value of a 20 year, semi-annual coupon bond that is priced to yield 4.50 percent. The bond carries a 6.5% coupon rate. If
Compute the value of a 20 year, semi-annual coupon bond that is priced to yield 4.50 percent. The bond carries a 6.5% coupon rate.
If you hold this bond for three years, and the required return stays constant, at what price can you expect to sell the bond?
Please show work using Financial Calculator TVM
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