An investor purchased a bond with exactly 15 years to redemption. The bond, redeemable at par, has

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An investor purchased a bond with exactly 15 years to redemption. The bond, redeemable at par, has a gross redemption yield of 5% per annum effective. It pays coupons of 4% per annum, half yearly in a...

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An investor purchased a bond with exactly 15 years to redemption. The bond, redeemable at par, has

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