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Question content area top Part 1 A Government of Canada bond has a 6 percent coupon which pays semiannually and matures in 11 years. If

Question content area top

Part 1

A Government of Canada bond has a 6 percent coupon which pays semiannually and matures in 11 years. If interest rates have declined to 5.4 percent for similar bonds, what should be the price for this bond? (Assume $1000 par value)

Question content area bottom

Part 1

$1048.81

$1006.99

$1049.28

$1031.62

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