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Given interest rates with banks are extremely low, you are looking for an alternative investment opportunity. As such, you are considering buying a bond in

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Given interest rates with banks are extremely low, you are looking for an alternative investment opportunity. As such, you are considering buying a bond in CLBH Ltd, in the secondary market. The bond has the following information: Name CLBH Ltd Yield 8% p.a. Coupon Rate 10% p.a. Coupon Frequency Quarterly Face Value $400,000 Time to Maturity 6 years and 7 months (Note: rates are expressed consistent with conventions discussed in lectures)

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