16 Two 1000 parabends are purchased. The year bont costs 250 more than the year bond. Lach has coupons and achipur tout come price of the year bond. Nas 1 DB 1616 0.15 13 Answer Two 1000 par value bonds are purchased. The 2n-year bond costs 250 more than the n-year bond. Each has 5% annual coupons and each is purchased to yield 29% annual effective. Calculate the price of the n- year bond. N