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Q3. (12 points) (a) Hershey's bonds have a face value of $1,000. They mature in 30 years, pay interest semiannually, and have a 7% annual

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Q3. (12 points) (a) Hershey's bonds have a face value of $1,000. They mature in 30 years, pay interest semiannually, and have a 7% annual coupon rate. If the current yield is 5%, what is the quoted price? Make sure to show your work

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