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QBE Insurance has outstanding bonds that will mature in 6 years and pay an 8 per cent coupon, interest being paid semiannually. Assume the face

QBE Insurance has outstanding bonds that will mature in 6 years and pay an 8 per cent coupon, interest being paid semiannually. Assume the face value is $1,000 and your required rate of return was 6.6 per cent. a) Calculate the semiannual coupon payment.  b) Calculate the QBE bond price. (3 marks) c) If you paid $1,036.65 today, did you pay the right price for the bond?

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