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Consider a 5-year Irish Government bond. The coupon rate is 6.0%, and is paid on an annual basis. Assume you own a nominal 100 of

Consider a 5-year Irish Government bond. The coupon rate is 6.0%, and is paid on an annual basis. Assume you own a nominal 100 of the bond. The yield -to- maturity in the market on a similar 5-year bond is 2.4%. Calculate the value of your bond.

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