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Q1. What is the current market price of a bond that has a face value of $1 million at the end of 2 years and

Q1. What is the current market price of a bond that has a face value of $1 million at the end of 2 years and pays semiannually coupons at a rate of 5.2% p.a., if the discount rate is 8% p.a.? (Show your calculations) (1.5 Marks)

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