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Actuarial Math #8 A ten-year $2,000 8% par-value bond with semi-annual coupons is bought for $2,200. Approximate the effective yield rate per coupon period j

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#8 A ten-year $2,000 8% par-value bond with semi-annual coupons is bought for $2,200. Approximate the effective yield rate per coupon period j by using the approximation formula (1 + i)" 1+nj

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