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A 15-year bond with annual coupons of X is purchased at a price P to yield 6%. The price P is 90% of the size
A 15-year bond with annual coupons of X is purchased at a price P to yield 6%. The price P is 90% of the size of the redemption amount C. The third coupon writes up the book value by 4.95. Find X Select one: a. 48 b. 49 c. 50 d. 51 e. 52
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