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Suppose that you purchased a Ba rated $5,000 annual coupon bond with an 15.4% coupon rate and a 11-year maturity. The current rate on 11-

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Suppose that you purchased a Ba rated $5,000 annual coupon bond with an 15.4% coupon rate and a 11-year maturity. The current rate on 11- year US treasuries is 3%. If you purchased it at a 7.894% premium to par value, how much did you pay

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