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A 30-year 1000 par value bond pays coupons semiannually at a rate of x% compounded semiannually. The bond is priced at 948.19 to yield a
A 30-year 1000 par value bond pays coupons semiannually at a rate of x% compounded semiannually. The bond is priced at 948.19 to yield a nominal rate of 8% convertible semiannually. If the bond is redeemed at maturity for 1050, then find x.
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