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Q2 (25 marks) a) Thomas and friends Inc. bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and

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Q2 (25 marks) a) Thomas and friends Inc. bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid semiannually, and the bond has 20 years to maturity. If investors require a 12 percent yield, what is the bond's value? What is the effective annual yield on the bond

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