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10, Becky buys an n-year 1000 par value bond with 6.5% annual coupons at a price of 825.44. The price assumes an annual effective yield
10, Becky buys an n-year 1000 par value bond with 6.5% annual coupons at a price of 825.44. The price assumes an annual effective yield rate of i and redemption equal to par value. The total write-up in book value of the bond during the first 2 years after purchase is 23.76 Calculate i, where i >0. Give your answer as a percentage rounded to two decimal places
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