How much you would pay for a 6.21-year bond that pays semi-annual coupons with a coupon rate
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Question:
How much you would pay for a 6.21-year bond that pays semi-annual coupons with a coupon rate of 5.41% (compounded semi-annually), if the investors require a 5.48% return on bonds (quoted rate with semi-annual compounding) with similar risk. The face value of the bond is $1000.
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