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A 7-year bond with a face value of $1000 earns interest at j 2 j2 = 9.9%. If the bond sells for $1264.33 to yield
A 7-year bond with a face value of $1000 earns interest at j2j2 = 9.9%. If the bond sells for $1264.33 to yield an investor j2 = 6.8%, what is the redemption value?
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Public Finance
Authors: Richard W. Tresch
4th Edition
0128228644, 978-0128228647
