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A bond pays semi-annual coupons of $110 and is purchased at a price to yield j 2 = 5%. The interest adjustment portion of the
A bond pays semi-annual coupons of $110 and is purchased at a price to yield j2 = 5%. The interest adjustment portion of the fifth coupon payment is $59.23.
What is the interest adjustment portion of the tenth coupon payment?
- A.
$53.96
- B.
$57.44
- C.
$67.01
- D.
52.56
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