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An n-year 1000 par value bond is purchased for 843.20 to yield 7% annually. The bond pays 5% annual coupons and has a redemption value
An n-year 1000 par value bond is purchased for 843.20 to yield 7% annually. The bond pays 5% annual coupons and has a redemption value of C. Find the book value of the bond immediately after the third coupon is paid.
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