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3. Park 4.11 A 10-year $1,000 bond pays a nominal rate of 9% compounded semi-annually. If the market interest rate is 12% compounded annually and
3. Park 4.11 A 10-year $1,000 bond pays a nominal rate of 9% compounded semi-annually. If the market interest rate is 12% compounded annually and the general inflation rate is 6% per year, find the actual- and constant-dollar amounts (in time-0 dollars) of the 15th interest payment on the bond
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