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A 20-year bond purchased at an annual effective yield rate of 6% has level annual coupons. The amortized value of the bond just after the
A 20-year bond purchased at an annual effective yield rate of 6% has level annual coupons. The amortized value of the bond just after the fifth coupon is $9174.28 and just after the sixth coupon it is $9231.23. Find the market value of the bond just after the fifth coupon if the market yield rate is an effective annual rate of 5%
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