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Problem 4 ZZZ bonds have a 120 -quarters maturity, $1,000 par value, and a 8.75% coupon paid quarterly, and those bonds sell at their par

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Problem 4 ZZZ bonds have a 120 -quarters maturity, $1,000 par value, and a 8.75% coupon paid quarterly, and those bonds sell at their par value. AAA bonds have the same risk, maturity, and par value, but the AAA bonds pay a 5.75% monthly coupon. At what price should the monthly payment bond sell? 222 N=120 anarters FV=100 Coupon =8.75% paid anarterly I=8.75%

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