Question: Question 3 You are considering buying a 3 - year coupon bond with a principal amount equal to $ 5 0 0 0 and a

Question 3
You are considering buying a 3-year coupon bond with a principal amount equal to $5000 and a coupon rate equal to 16%. You will receive coupon payments on an annual basis. How much should you pay for this bond if your discount rate is 3%?{Note: your answer should have two decimal places]
Question 3 You are considering buying a 3-year coupon bond with

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