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price a 20-year bond with a coupon of 5% and a yield of 4.5%, assuming annual coupons. Repeat problem 1 using semi-annual coupons.

  1. price a 20-year bond with a coupon of 5% and a yield of 4.5%, assuming annual coupons.

  1. Repeat problem 1 using semi-annual coupons.

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