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Consider a bond that has 1 0 years to maturity. The bond's annual coupon rate is 8 . 8 % , and its face value
Consider a bond that has years to maturity. The bond's annual coupon rate is and its face value is $ The required rate of return on other investments with similar characteristics is per year. Suppose that the bond makes coupon payments four times a year ie quarterly
REQUIRED: at what price would the bond be selling?
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