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You bought a $1000 corporate bond for $910 three years ago. It is paying $30 in interest at the end of every 6 months and

You bought a $1000 corporate bond for $910 three years ago. It is paying $30 in interest at the end of every 6 months and it matures in 7 more years.

a) Compute its coupon rate

b) Compute its current value assuming the market interest rate for such investments is 4.3% per year compounded semiannually.

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