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A bond has a face value (and redemption value) of $504.000. and pays coupons annually. The effective annual yield is 2 times the coupon rate.

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A bond has a face value (and redemption value) of $504.000. and pays coupons annually. The effective annual yield is 2 times the coupon rate. The present value of the redemption amount is 4 times the present value of the coupon stream. What is the price of the bond? 315000 Answer to the nearest dollar. Just Save Submit Problem #2 for Grading Attempt #3 Attempt #4 Attempt #5 Problem #2 Attempt #1 Your Answer: 403200 Your Mark: 0/2x Attempt #2 315000 0/2x

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