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A $1000 semi-annual coupon bond paying interest at 6%/year compounded semi-annually is redeemable at 105 in 16 years. It is callable at 108 at the

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A $1000 semi-annual coupon bond paying interest at 6%/year compounded semi-annually is redeemable at 105 in 16 years. It is callable at 108 at the end of 11 years. Determine the price to guarantee a yield rate of 7%/year compounded semi-annually

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