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A 13 -year bond with a face value of $1000 is redeemable at twice par and pays coupons semi-annually at j2=9.3%. If the yield rate
A 13 -year bond with a face value of $1000 is redeemable at twice par and pays coupons semi-annually at j2=9.3%. If the yield rate is j2=8%, find the book value of the bond immediately after the payment of the 11th coupon. Answer: \$
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