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You have just purchased 6% coupon bond with 4 years to maturity. The bond makes semi-annual coupon payments and has a yield to maturity of

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You have just purchased 6% coupon bond with 4 years to maturity. The bond makes semi-annual coupon payments and has a yield to maturity of 5.60% annual rate, compounded semi-annually. Diagram the cash flows (per $100 of face value) associated with this bond. Calculate the current price per $100 of face value for this bond

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