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1. A loan is to be repaid by 10 level payments. The interest paid on the last payment is 600. Each level payment has value

1. A loan is to be repaid by 10 level payments. The interest paid on the last payment is 600. Each level payment has value 6000. (a) Find v (b) Find i. (c) Find the amount of the loan L.

2. A bond has face value 100 and annual coupons of size 6. The redemption value after 8 years is 125. Find the price of the bond if the annual yield rate is 8%

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