Question: The function s ( t ) = 0.055 + 0.006 t gives the effective annual rate of a zero coupon bond of maturity t ,

The function s(t) = 0.055 + 0.006t gives the effective annual rate of a zero coupon bond of maturity t, with t in years. Find the price of a 2 year coupon bond with semiannual coupons of 10% and a face/redemption value of $500,000.

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