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DO NOT USE EXCEL Ivan purchases 2 bonds that have the same yield rate ). Bond Y is a n-year 900, par value bond, which

DO NOT USE EXCEL

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Ivan purchases 2 bonds that have the same yield rate ). Bond Y is a n-year 900, par value bond, which sells for 721.53, with 3 percent annual coupons, Bond X is a n-year 400, par value bond, which sells for $561 with 8% annual coupons. Please find )

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