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Posted on Jul 26, 2024

What is a fair price for a $ 1 0 0 0 face value bond that pays a 3 % semiannual coupon that matures in

What is a fair price for a $

1000

face value bond that pays a

3 %

semiannual coupon that matures in

4

years if I want a

5.5 %

rate of return on my investment?

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