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QUESTION
" Italy needs to finance its debt and will issue 100.55M of bonds with a coupon rate of 7.5% (interest paid semi-annually), maturing in 20 years. The...
" Italy needs to finance its debt and will issue €100.55M of bonds with a coupon rate of 7.5% (interest paid semi-annually), maturing in 20 years. The market rate for these bonds is 4.5%. Please answer the following:a)
