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A $1000 bond, paying semi-annual coupons at j 2 = 7%, is redeemable in 5 years. It is purchased for $966.20 to yield j 2
A $1000 bond, paying semi-annual coupons at j2 = 7%, is redeemable in 5 years. It is purchased for $966.20 to yield j2 = 8%. What is the bond redeemable at? (Answer to the nearest whole number.)
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
