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Consider a bond with semiannual coupons with a face amount of 100. The annual coupon rate is 4%. The first payment is in six months
Consider a bond with semiannual coupons with a face amount of 100. The annual coupon rate is 4%. The first payment is in six months and the maturity of the bond is 10 years. Find the price of the bond given that the annual yield rate is i (2) = 6%.
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