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Question 10 (8 marks) Consider a $100 par value 10-year bond with 10% semiannual coupons and a yield rate convertible semiannually of 7%. The first

Question 10 (8 marks) Consider a $100 par value 10-year bond with 10% semiannual coupons and a yield rate convertible semiannually of 7%. The first coupon is paid on July 1, 2007. Find the quoted price on September 15, 2009.

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