A 10year $1,000 bond pays a nominal rate of 9% compounded semiannually. If the market interest rate

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A 10‐year $1,000 bond pays a nominal rate of 9% compounded semiannually. If the market interest rate is 10% compounded annually and the general inflation rate is 6% per year, find the actual- and constant-dollar amount ( time = year zero dollars) of the 16th interest payment on the bond.

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