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An investor purchases a bond with face value of 1000 at a discount of 50 to yield 10% payable semi-annually for 10 years. She reinvests

An investor purchases a bond with face value of 1000 at a discount of 50 to yield 10% payable semi-annually for 10 years. She reinvests the coupons in a sinking fund earning i^(2) = 8%. What amount is in the sinking fund right after the last coupon is paid ? What is the investor's annual effective yield on the project ?

Do not use excel please

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