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PLEASE DON’T USE EXCEL AND SHOW ALL FORMULAS AND WORK. THANK YOU 🙂 <3 Image transcription textFour years ago, you purchased a 12—year ,6% coupon bond at par ($1000). The bond pays semi annualinterest. Today the market rate of interest is 4% and you are considering selling the bond. a) What was themarket rate of interest at the time you purchased the bond? (no calculations needed) b) Suppose ... Show more... Show more PLEASE DON'T USE EXCEL AND SHOW ALL FORMULAS AND WORK. THANK YOU 🙂 <3 Business Finance FINA 2360

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