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2. (10 marks] A 10,000 par value 10-year bond with 8% annual coupons is bought at a premium to yield an annual effective rate of

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2. (10 marks] A 10,000 par value 10-year bond with 8% annual coupons is bought at a premium to yield an annual effective rate of i(1) = 6%. Calculate the interest paid in the 7th coupon

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