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1. A company buys a 10-year bond with 5% annual coupons and par value of 1000 to yield 10% effective per annum. Let X equal
1. A company buys a 10-year bond with 5% annual coupons and par value of 1000 to yield 10% effective per annum. Let X equal the amount for accumulation of discount in the 3rd year and let Y equal the interest earned in the 8th year. Determine X+Y
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