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QUESTION 1 Find the purchase price of a bond with the following info: Term: 20 Years Yield Rate: 4.5% compounded semiannually Coupon Rate: 2.5% payable
QUESTION 1 Find the purchase price of a bond with the following info: Term: 20 Years Yield Rate: 4.5% compounded semiannually Coupon Rate: 2.5% payable semiannually Face Value: 1000 Redemption Value: Par or Face Value Give your answer as a whole number (i.e. X). Note: Coupons are paid at the end of every six month period
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