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A 20-year 1000 par value bond is purchased at a discount. The bond pays annual coupons of 4%. The amount for accumulation of discount in
A 20-year 1000 par value bond is purchased at a discount. The bond pays annual coupons of
4%. The amount for accumulation of discount in the 20th coupon is 9.5238. Calculate the
amount of discount in the purchase price of this bond.
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