Question: 7. A bond has face value 100 and annual coupons of size 6. The redemption value after 8 years is 125. Find the price

7. A bond has face value 100 and annual coupons of size

7. A bond has face value 100 and annual coupons of size 6. The redemption value after 8 years is 125. Find the price of the bond if the annual yield rate is 8%

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