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Questions 1 What is the fair price for the $1000 par value10-year bond, which was issued 3 years ago and carries coupon rate of 3,50%?

Questions 1 What is the fair price for the $1000 par value10-year bond, which was issued 3 years ago and carries coupon rate of 3,50%? Coupon is paid semi-annually. Investors required rate of return for similar securities is 2,50%.

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