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Question 5 1.5 pts You wish to determine the price of a bond. The bond makes semi-annual coupon payments and has a coupon rate of

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Question 5 1.5 pts You wish to determine the price of a bond. The bond makes semi-annual coupon payments and has a coupon rate of 11%pa. The bond has a face value of $100 and matures in exactly 6 years. The appropriate yield on the bond is 8.75% pa compounded semi- annually How much is the bond? Your answer must be in DOLLARS with TWO (2) decimal places. For example, $10.50 would be entered as 10.50 There is 0.05 margin of error which means within a range of 0.05 of the direct answer will be accepted. So in this case answers of 10.45 through to 10.55 will be marked correct

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