You would like to purchase a bond. Currently, this bond has a face-value of $3000...
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You would like to purchase a bond. Currently, this bond has a face-value of $3000 and a coupon rate of 5.6%. This bond offers payments semi-annually, and matures on June 30th, 2038. Assuming it is April 11th, 2022, what will the purchase price of this bond be, if it is sold to yield 3.6%? Your
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