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3. Consider the 15 year 7% bond, the price of this bond per S1000 of par value is S769.40, the yield to maturity for this

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3. Consider the 15 year 7% bond, the price of this bond per S1000 of par value is S769.40, the yield to maturity for this bond is 10%. Assuming an annual reinvestment rate of 10%, please compute the interest on interest

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