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A 1000 par value 10-year bond with coupons at 5% convertible semiannually is selling for 1081.78. The bond salesman's method is used to approximate the

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A 1000 par value 10-year bond with coupons at 5% convertible semiannually is selling for 1081.78. The bond salesman's method is used to approximate the yield rate convertible semiannually. Calculate the difference between the approximation and the exact value. .00003 .00006 .00012 .00018 .00024

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