Now suppose you are pricing a bond with similar, Financial Management

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Now suppose you are pricing a bond with similar

1. What is the price of a bond paying a 10% coupon with semi-annual payments? Assume a $1000 face value, 10 years to maturity and a yield to maturity of 8%.

2. Now suppose you are pricing a bond with similar characteristics as above but both coupon payments in years 3 and 5 are omitted. What is the price of the bond?

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