[Solved] Suppose that you purchased a A rated $100

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Suppose that you purchased a A rated $1000 annual coupon bond with an 9.6% coupon rate and a 8-year maturity. The current rate on 8-year

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Suppose that you purchased a "A" rated $1000 annual coupon bond with an 9.6% coupon rate and a 8-year maturity. The current rate on 8-year US treasuries is 3%. If you purchased it at a 6.627% discount to par value, how much did you pay

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