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A $ 6 0 0 0 0 0 bond pays interest at j 4 = 7 % redeemable at 1 0 0 in 2 5

A $600000 bond pays interest at j4=7% redeemable at 100 in 25 years. Nancy buys the bond to yield j4=14% and strips the coupons to sell the remaining strip bond to Cindy, who yields j4=5%. If Nancy then sells the coupons to Jade, who wishes to yield j4=4%, What is Nancy's total profit achieved from her investment?

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