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Your broker offers to sell you a BananaBandana Bond for $1,200. The bond has an annual coupon rate of 4.0% paid quarterly and a maturity

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Your broker offers to sell you a BananaBandana Bond for $1,200. The bond has an annual coupon rate of 4.0% paid quarterly and a maturity of 8 years. Given that the annual interest rate on comparable debt is 3% is your broker fairly pricing the bond? (Hint: Find the bond price today and compare). No, the bond value today the offer price O Yes, the bond value today

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