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There is a 30-year bond issued by the Republic of the Philippines last May 1, 2015 with a coupon of 7% paid out every May

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There is a 30-year bond issued by the Republic of the Philippines last May 1, 2015 with a coupon of 7% paid out every May 1 and November 1. Answer the following questions: 1. Assuming that you wish to invest in this bond on May 1, 2020, when the prevailing interest rate is 8%, what is the purchase price for this bond

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