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Consider two N - year bonds, each of which pays annual coupons and is redeemable at par. Bond A has a par value of 1
Consider two year bonds, each of which pays annual coupons and is redeemable at par. Bond A has
a par value of and pays coupons of Bond B has a par value of and pays coupons of
The bonds both have a yield rate of and have the same price. Calculate
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