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A $1000 bond with semiannual coupons r(2)=6% matures at par on October 15,Z+15. The bond is purchased on June 28,Z to yield the investor i(2)=7%.

image text in transcribed A $1000 bond with semiannual coupons r(2)=6% matures at par on October 15,Z+15. The bond is purchased on June 28,Z to yield the investor i(2)=7%. What is the purchase price? Assume simple interest between bond coupon dates and use an exact day count. Ans: 919.15

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