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You are given the following information with respect to a bond with annual coupons: ( i ) Face value: $ 1 0 , 0 0
You are given the following information with respect to a bond with annual coupons:
i Face value: $
ii term to maturity: years,
iii annual coupon rate:
You are also given that the one, two, three, four, and five year annual spot interest rates are and
Calculate
a the price of the bond
b the yield rate of the bond.
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