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(1 point) Two bonds, each with a face value of $16000, are redeemable at par in t-years and priced to yield 44 = 10%. Bond

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(1 point) Two bonds, each with a face value of $16000, are redeemable at par in t-years and priced to yield 44 = 10%. Bond 1 has a coupon rate C4 = 12% and sells for $17884.50. Bond 2 has coupon rate C4 = 4.2% and sells for $ P. What is the value of P? Answer: $

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