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The New South Wales Government needs $10,000,000 and has just issued bonds to raise the funds. The bonds have a face value of $1,000, a

The New South Wales Government needs $10,000,000 and has just issued bonds to raise the funds. The bonds have a face value of $1,000, a coupon rate of 6% paid semi-annually and will mature in 7 years. If the bond is priced to yield 7% pa, how many bonds can you buy for $10,000?

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