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A 1,000 par value 18-year bond with annual coupons is bought to yield an annual effective rate of 5%. The amount for amortization of premium
A 1,000 par value 18-year bond with annual coupons is bought to yield an annual effective rate of 5%. The amount for amortization of premium in the 10th year is 20. The book value of the bond at the end of 10 is X. Find X
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Authors: George Buterin
1st Edition
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