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( 4 . 2 . 4 ) The amortization schedule for a 1 0 0 , 5 % bond with yielding a nominal annual rate
The amortization schedule for a bond with yielding a nominal annual rate of gives a book value of for the bond at the beginning of a certain month period just after a coupon has been paid. What is the book value at the start of the next month period?
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