) You have been asked to value a 10-year coupon bond with the following features....
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) You have been asked to value a 10-year coupon bond with the following features. The coupon rate for the first 5 years will be [(8/2) +8] % of the face value of $1,000. After 5 years, the coupon rate will decline to [(8/2) +6] % for the remaining 5 years. The yield to maturity of this bond is 7.5%. NOTE: Provide your answers with four decimals after the dot. If your answer is 20 you must enter 20.000.
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