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Question: Consider a level-coupon bond with the following parameters: $1,000 10 years Principal (i.e., face value) Time to maturity Coupon rate Payments Appropriate semi-annual discount

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Question: Consider a level-coupon bond with the following parameters: $1,000 10 years Principal (i.e., face value) Time to maturity Coupon rate Payments Appropriate semi-annual discount rate 8% annually (i.e., 4% each 6-months) Semi-annually 5% What is the value of the bond

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