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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 par year bond with annual coupons paid semiannually and a redemption value of The purchase price is at an annual nominal yield rate of j compounded semiannually. For the same price, a different investor purchased a par year bond with r annual coupons paid semiannually, a red emption value of and at an annual nominal yield rate of j compounded semiannually. Compute r
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