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Assume coupons paid semi-annually, coupon rates and yields quoted with semi-annual compounding, and redeemable at par unless otherwise noted. A loan is being repaid with
Assume coupons paid semi-annually, coupon rates and yields quoted with semi-annual compounding, and redeemable at par unless otherwise noted.
A loan is being repaid with quarterly installments of $2000 at the end of each quarter for four years at 10% convertible quarterly. Find the amount of principal in the sixth installment.
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