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Moving to another question will save this response. Question 12 A portfolio manager is considering the purchase of a bond with a 5.5 coupon rate

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Moving to another question will save this response. Question 12 A portfolio manager is considering the purchase of a bond with a 5.5 coupon rate that pays 555 interest annually and matures in three years. The market price of the bond is $1013.6. Required: a. What is the original price of the bond? (4 marks) b. Calculate the current yield of the bond. (4 marks) . Is bond trading at the discount price? Justify your answer. (4 marks)

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