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( Using Financial Calculator) 1. You are considering buying a bond that matures in 10 years from today. The par value of the bond is

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( Using Financial Calculator)
1. You are considering buying a bond that matures in 10 years from today. The par value of the bond is $10,000 and the coupon rate is 7%. If the current market interest rates are 5%, what is the bond price today if the coupon is paid annually? 2. You are considering buying a bond that matures in 10 years from today. The par value of the bond is $10,000 and the coupon rate is 7%. If the current market interest rates are 5%, what is the bond price today if the coupon is paid semi-annually

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