Question: You bought a bullet bond issued by Easy-Tech Corp that has a coupon rate of 4%/year paid semi-annually and has exactly 3 years to maturity.

  1. You bought a bullet bond issued by Easy-Tech Corp that has a coupon rate of 4%/year paid semi-annually and has exactly 3 years to maturity.
    1. Draw a timeline.
    2. If the current market rate is 3%/year what is the bonds current market price?

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