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29. A 1,000 Bond with coupon rate r convertible semi-annually will be redeemed at par ink years. Purchase price to yield 10% convertible semi-annually is

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29. A 1,000 Bond with coupon rate r convertible semi-annually will be redeemed at par ink years. Purchase price to yield 10% convertible semi-annually is P. If coupon rate were r -0.04, the price of the bond would be P-200. Determine the present value of a 3K year annuity immediate with semi-annual payments of 100 at a yield rate of 10% convertible semi-annual

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