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Question 6 (20 marks) Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is

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Question 6 (20 marks) Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 6.69 percent? Question 7 (20 marks) Your car loan requires payments of $1,000 per month over the next18 months and payments of $2,000 per month in the following 12 months. The effective annual interest rate charged is 12.6825% and the first payment begins in exactly one month. What is the present value of this 2.5-year car loan (i.e. how much does the loan cost you in today's dollar)

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