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An n-year 2000 par value bond with 9% annual coupons has an annual effective yield of i. i > 0. The book value of the

An n-year 2000 par value bond with 9% annual coupons has an annual effective yield of i. i > 0. The book value of the bond at the end of the fifth year is 1902.63$ and the book alue of the bond at the end of the seventh year is 1924.18$. Find the price of the bond.

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Correct Answer: 1863.79

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