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Please explain throughly to that question Two years ago, Sanders Mountaineering issued a bond that matures 10 years from today. Beginning today, the bond makes

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Two years ago, Sanders Mountaineering issued a bond that matures 10 years from today. Beginning today, the bond makes no payments over the next three vears of is life. Thereafter and until maturity, coupon payments ar made semiannually at a rate of (or) per year. The next coupon payment, therefore, is made exactly three and one half years from today. The par value of the bon 1 is $4000. ) The required rate of retum on the bond, over the two years of its life immediately following today, is 8% per year compounded semiannually. Investors require a rate of returirof 10% per yeap compounded semiannually, over the final eight years of the bond's existence. Please calculate the current market price of the specified bond

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