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1. (5 points) A bond with face and redemption amount of 3000 euros with annual coupons is selling at an effective annual yield rate equal

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1. (5 points) A bond with face and redemption amount of 3000 euros with annual coupons is selling at an effective annual yield rate equal to twice the coupon rate. The present value of the coupons is equal to the present value of the redemption amount. What is the selling price of the bond

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