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Posted on May 19, 2024

Suppose that a 2 5 - year government bond has a maturity value of $ 1 0 0 0 and a coupon rate of 8

Suppose that a

25 -

year government bond has a maturity value of $

1000

and a coupon rate of

8 %,

with coupons paid semiannually. Find the market price of the bond if the yield rate is

7 %

compounded semiannually.

(

Round your answer to the nearest cent.

)

It is not $

1523.10

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