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A $1000 face value bond with 10 years of maturity and yearly coupon payments of $100 (a 10% coupon Rate) sells at price $1100 P

A $1000 face value bond with 10 years of maturity and yearly coupon payments of $100 (a 10% coupon Rate) sells at price $1100

P = C/(1+i) + C/ (1+i)^2+........+ C/(1+i)^n+ F/(1+i)^n

P= 1100

C= 100

F= 1000

n= 10

i =?

Complete solution of i

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