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Consider the following $1,000 face value bond which makes semi-annual coupon payments, Bond HSBC 14.5% 104.96 Coupon rate Pri

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Answer #1

The price of the bond is $104.96 per $100 of face value.

The face value of the bond is $1,000.

Therefore, total price to pay for bond = ($1,000 / $100) * $104.96

total price to pay for bond = $1,049.60

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