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A twelve year 5,000 par valued floating rate bond with annual coupons has a price P such that the investor's APY is 8%. The annual coupon rate for the n-th year is given by the function .07+.0035*n

Question a. Find the price P

Question b. Find the amount of Principal P 6 in the sixth coupon payment

Question c. Find the interest I 5 in the fifth coupon payment

Question d. Find the amount of the discount or premium for this bond.

Reference no: EM132475648

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