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Problem 3 (15 points) Suppose a semiannual bond was ago when the interest rate was 7% The bond's annual coupon issued several years bond's life,

Problem 3 (15 points) Suppose a semiannual bond was ago when the interest rate was 7% The bond's annual coupon issued several years bond's life, the rate 7%. With 8 years left in interest rate is 6% per year till the end of maturity

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