Question: Problem 2. You are about to purchase a 15-year bond, (51,000 face value) with 4% annual coupons. If the current market rate is 6%, at

Problem 2. You are about to purchase a 15-year bond, (51,000

Problem 2. You are about to purchase a 15-year bond, (51,000 face value) with 4% annual coupons. If the current market rate is 6%, at what price should you be willing to buy th bond, if this bond pays interest on a semi-annual basis? (2.5 Points)

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