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a 5 year bond with a par value of $100 and 10% semiannual coupons is purchased for $110 to yield a nominal rate of 4%

a 5 year bond with a par value of $100 and 10% semiannual coupons is purchased for $110 to yield a nominal rate of 4% converted semiannually. a five year bond with 3% coupon rate and semiannual coupons is purchased at $P to provide the same yield rate. find P. (answer : $78.563)

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