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An 18-year 1,000 par value bond with annual coupons is bought to yield an annual effective rate of 5%. The amount for amortization of premium

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An 18-year 1,000 par value bond with annual coupons is bought to yield an annual effective rate of 5%. The amount for amortization of premium in the oth year is 19.34. Determine the proportion of the bond's premium that remains to be amortized after 10 years. 0.540 0.553 0.581 D 0.670 0.809

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