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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)=5%/a. If the amount of the write-up of the
A $1,000 20-year par value bond with semi-annual coupons is bought at a discount to yield i(2)=5%/a. If the amount of the write-up of the discount in the last entry in the schedule is $4.88, determine the purchase price of the bond.
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