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Suppose a bond with face and redemption value of $34091 matures in 34 years and has a nominal annual coupon rate of 3% compounded semiannually.
Suppose a bond with face and redemption value of $34091 matures in 34 years and has a nominal annual coupon rate of 3% compounded semiannually. The nominal annual yield is 1% compounded semiannually. (a) Find the price of the bond 15 years after the issue date, just after the coupon is paid. (b) Find the price-plus-accrued 15 years and 11 weeks after the issue date. You may assume that half a year corresponds to precisely 26 weeks. (C) Find the market price 15 years and 11 weeks after the issue date
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