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A $1000, 12%(2) bond matures on 5/1/21 at $X. The bond can be purchased on 9/19/15 for $1110 to yield 11%(2). What is the redemption
A $1000, 12%(2) bond matures on 5/1/21 at $X. The bond can be purchased on 9/19/15 for $1110 to yield 11%(2). What is the redemption value $X when using Actual/360?
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