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Draw a timeline for a bullet bond, face value of $1,000, with 2 years remaining to maturity that pays a coupon rate of 4%/year semi-annually.

Draw a timeline for a bullet bond, face value of $1,000, with 2 years remaining to maturity that pays a coupon rate of 4%/year semi-annually. What is the market price of the bond if the current market rate is 3%/year

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