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For Problems 20-26, refer to the following bond quote. 20. What is the coupon rate? 21. In what year does the bond mature? 22. How
For Problems 20-26, refer to the following bond quote. 20. What is the coupon rate? 21. In what year does the bond mature? 22. How many bonds were sold this day? 23. Based on a $1,000 face value, what was the price for the last bond traded? 24. Is the prevailing rate (a) greater than the coupon rate, or (b) less than th coupon rate? How do you know? 25. What was the closing price the previous day? 26. Confirm the "Cur Yld" quote. Show calculations
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