Question: Get solution. Question 3 25 pts Calculate a bond's price given the following characteristics: Coupon = 5% annual rate, paid semi-annually Market rate = 4.85%

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Question 3 25 pts Calculate a bond's price given the following characteristics: Coupon = 5% annual rate, paid semi-annually Market rate = 4.85% Matures in 2 years Hint: Use the NPV function, and remember to divide the discount rate by 2 as the bond is semi-annual. 998.1278 1,002.8266 995.8255 O 982.2625

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