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Problem 1 : There Are Three Ways To Do Things A bond with face value $ 6 0 0 and an annual coupon of $

Problem

1

: There Are Three Ways To Do Things

A bond with face value $

600

and an annual coupon of $

30

has a maturity of

12

years! If the interest rates are

5 %

for every maturity, what is the price of the bond?

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