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5. [12 pts] ten-year bond makes two annual payments of $40 followed by two annual payments of $60 and so on with the last two

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5. [12 pts] ten-year bond makes two annual payments of $40 followed by two annual payments of $60 and so on with the last two payments being $120 each. The present value of the redemption value of this bond at an annual rate of interest of 5% is 2000 . What is the price of this bond if it is priced to yield 5% effective annual interest

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