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Question 5. Bond pricing (1 points) A municipal bond with a par value of $1,000 and a maturity of 10 years has a coupon rate

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Question 5. Bond pricing (1 points) A municipal bond with a par value of $1,000 and a maturity of 10 years has a coupon rate of 5% paid annually and the required rate of return for investors is only 4%. a) Calculate the bond value. b) Does the bond sell at par, premium, or discount? Explain why

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