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Consider a semi-annual coupon bond maturing in 5 years. The face value of this bond is $1000. The coupon rate is 6%. Calculate the price
Consider a semi-annual coupon bond maturing in 5 years. The face value of this bond is $1000. The coupon rate is 6%. Calculate the price of this bond, assuming the yield to maturity is 7.5%. (Already Answered)
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Suppose you hold this bond for one year and then sell it just after receiving a coupon payment. Suppose the yield to maturity is now 6.0% Calculate the price at which you sold the bond.
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