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QUESTION 12 A coupon bond that pays interest quarterly is reported in the Wall Street Journal as having an ask price of 115% of its

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QUESTION 12 "A coupon bond that pays interest quarterly is reported in the Wall Street Journal as having an ask price of 115% of its $1000 par value. If the last interest payment was made 1 months ago and the coupon rate is 14.4%, the invoice price of the bond will be 1222 QUESTION 13 today. "Azero-coupon bond has a yield to maturity of 13.5% and a par value of $1000. If the bond matures in 4 years, it should sell for a price of 602.583

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