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An n-year 1000 par value bond with 6.5% annual coupons has an annual effective yield of i, i > 0. The book value of
An n-year 1000 par value bond with 6.5% annual coupons has an annual effective yield of i, i > 0. The book value of the bond at the end of year 4 is 1224.68 and the book value at the end of year 6 is 1204.46. Calculate the purchase price of the bond. [7.c #09] 1215 1226 1249 1237 1260
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
