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A 13-year bond with a face value of $2000 is redeemable at par and earns interest at j 2 j2 = 9%. If the yield
A 13-year bond with a face value of $2000 is redeemable at par and earns interest at j2j2 = 9%. If the yield rate is j2j2 = 11%, find the full (or dirty) price of the bond 3 months after the payment of coupon number 21.
Use simple interest for points in time between coupon payments.
Use simple interest for points in time between coupon payments.
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