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In January 2020 investors purchased a two-year U.S. government bond. The bond has an annual coupon rate of 10%. If investors demand a 20% return,
In January 2020 investors purchased a two-year U.S. government bond. The bond has an annual coupon rate of 10%. If investors demand a 20% return, calculate the price of the bond if the coupon will be paid quarterly?
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