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Ex. 4. Suppose you are looking at a bond that has a 10% annual coupon and a face value of $1,000. There are 5 years

Ex. 4. Suppose you are looking at a bond that has a 10% annual coupon and a face value of $1,000. There are 5 years to maturity and the yield to maturity is 10%. What is the price of this bond? Coupon Rate N 1% PV PMT FV

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