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A 10-year $1000 bond pays a nominal rate of 9% compounded semiannually. If the market interest rate is 12% compounded annually and the general inflation

A 10-year $1000 bond pays a nominal rate of 9% compounded semiannually. If the

market interest rate is 12% compounded annually and the general inflation rate is 6%

per year, find the actual and constant dollar amount (time = year zero) of the 16th

interest payment on the bond

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