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QUESTION 2 A bond has a coupon rate of 9.8% and pays coupons annually. The bond matures in 3 years and the yield to maturity

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QUESTION 2 A bond has a coupon rate of 9.8% and pays coupons annually. The bond matures in 3 years and the yield to maturity on similar bonds is 8.8%. What is the price of the bond? QUESTION 3 A bond pays a coupon of $32 twice a year. What is the coupon rate? Answer as a percent

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