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16. Compute the price of a $5,00fl par value bond with a coupon rate of 15% (semi-annual payments) and 20 years remaining to matmi‘ry. Assume than the current yield to maturity on the bond is 8.6fl%.

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16. Compute the price of a $5,00fl par value bond with a coupon rate of 15% (semi-annual payments) and
20 years remaining to matmi‘ry. Assume than the current yield to maturity on the bond is 8.6fl%.

 
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