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Bonus Example A 12-year bond is redeemable for $20,300. It is bought to yield j2=5%, and pays semi-annual coupons. The book value after 23 Coupons

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Bonus Example A 12-year bond is redeemable for $20,300. It is bought to yield j2=5%, and pays semi-annual coupons. The book value after 23 Coupons is $20, 34.46. What is the price of the bond? one on Try this your own Canswer: 21,060.20 21,060.11 OR

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