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(1 point) A 11-year bond with a face value of $5000 is redeemable at par and earns interest at j2 = 8.8%. If the yield

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(1 point) A 11-year bond with a face value of $5000 is redeemable at par and earns interest at j2 = 8.8%. If the yield rate is j2 = 7.7%, find the book value 2 months before the payment of the 9th coupon. Use simple interest for points in time between coupon payments. Answer: $

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