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A 20 year par value bond with annual coupons, a face value of bond F, and annual coupon rate 8%, has a annual effective yield

A 20 year par value bond with annual coupons, a face value of bond F, and annual coupon rate 8%, has a annual effective yield rate of 5%. The amount applied to principal in the 11th coupon was 40.90. Find F.

3232.71

2122.83

1327.27

2352.37

2220.73

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