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A 12-year 1000 par bond with 7% annual coupons was bought at the price that will yield 6% annually. Right after the 6th payment, what
A 12-year 1000 par bond with 7% annual coupons was bought at the price that will yield 6% annually. Right after the 6th payment, what is the value of the remaining bond?
Write a simple diagram before you solve. When BA-II calculator function is used, you must show your inputs.
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