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A $1,000 20-year par value bond with semi-annual coupons is bought at a discount to yield i (2) =10%. If the amount of the write-up
A $1,000 20-year par value bond with semi-annual coupons is bought at a discount to yield i (2) =10%. If the amount of the write-up of the discount in the last entry in the schedule is $5, determine the purchase price of the bond. (answer is 909.91) PLEASE SHOW ALL WORK
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