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5. A 15 year 1000 face value bond with 7% annual coupons and redemption value of 1250 is bought to yield 5% annual effective. Determine

5. A 15 year 1000 face value bond with 7% annual coupons and redemption value of 1250 is bought to yield 5% annual effective. Determine the amount of principle adjustment for the eighth year.

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