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1 2 . ) A ten - year 3 % bond with semiannual coupons is purchased to yield 6 % compounded semiannually The par value

12.) A ten-year 3% bond with semiannual coupons is purchased to yield 6% compounded semiannually The par value and redemption value are both 1,000. What is the book value of the band four years after issue of the bond? (Hint: find the Plice of the bord using TMV function, then use AMORT function from your (calculator)
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