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Question 3 A bond has a face value of $12,000 has six years till maturity and the coupon rate is 3.5% pa compounded semi-annually.

Question 3 "A bond has a face value of $12,000 has six years till maturity and the coupon rate is 3.5% pa compounded semi-annually. If the yield to maturity is 2.7% pa, what is the bond s price?" 1

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