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Bond A has a coupon rate of 15.81 percent, a yield-to-maturity of 12.55 percent, and a face value of 1,000 dollars; matures in 16 years;
Bond A has a coupon rate of 15.81 percent, a yield-to-maturity of 12.55 percent, and a face value of 1,000 dollars; matures in 16 years; and pays coupons annually with the next coupon expected in 1 year. What is (X + Y + Z) if X is the present value of any coupon payments expected to be made in 5 years from today, Y is the present value of any coupon payments expected to be made in 12 years from today, and Z is the present value of any coupon payments expected to be made in 18 years from today?
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