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A 14-year bond with a face value of $4000 is redeemable at par and earns interest at j2=10.5%. If the yield rate is j2=7.5%, find
A 14-year bond with a face value of $4000 is redeemable at par and earns interest at j2=10.5%. If the yield rate is j2=7.5%, find the full (or dirty) price of the bond 5 months after the payment of coupon number 22. Use simple interest for points in time between coupon payments. Answer: \$ Note: Round any intermediate dollar values off and use them in succeeding calculations
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