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Don makes a one time investment. He purchases a 30 year bond with semiannual coupons and face value $800, and with a semiannual coupon rate

Don makes a one time investment. He purchases a 30 year bond with semiannual coupons and face value $800, and with a semiannual coupon rate r (2) and a semiannual yield rate i (2) = 6%. Immediately after receiving his coupons, he deposits his coupons into an account earning a nominal semiannual interest rate of i (2) = 3%. At the end of the 30 years, the accumulated value of these deposits + his face value $2, 300. FIND r(2). Also, find the bond price. F = 800 FIND r(2) FIND bond price

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