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You find the following quote for a corporate bond ( $ 1 , 0 0 0 par, paying interest semiannually ) : a . What
You find the following quote for a corporate bond $ par, paying interest semiannually:
a What was the range of the price for the given day?
b How many dollars would you receive from each coupon payment?
c Approximately what risk level is implied by the bond rating?
d What would have been the Last Price on the day before?
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