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An investor purchased a 1 , 0 0 0 - par 1 7 - year bond with 4 % annual coupons paid semiannually and a

An investor purchased a 1,000-par 17-year bond with 4% annual coupons paid semiannually and a redemption value of 1,150. The purchase price is 928.32 at an annual nominal yield rate of j% compounded semiannually. For the same price, a different investor purchased a 1,000-par 15-year bond with r% annual coupons paid semiannually, a red emption value of 1,020, and at an annual nominal yield rate of (j+1)% compounded semiannually. Compute r

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