Calculate the price of bonds for two-year quebec

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Problem 1: Calculate the price of these bonds. SHOW YOUR WORK.

a) 2-year Quebec 5.00% semi-annual, $100 par value. Investors require a yield to maturity of 6% compounded semi-annually.

b) 2-year Government of Alberta strip bond, $100 par value. Investors require a yield to maturity of 6% compounded annually.

Reference no: EM132686485

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