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= An $X bond quoted as redeemable at 105 in 10 years is purchased to yield j2 = 10%. If this same bond was redeemable

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= An $X bond quoted as redeemable at 105 in 10 years is purchased to yield j2 = 10%. If this same bond was redeemable at par, the actual purchase price would be $113.07 less. Determine the value of X

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