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Example 6 . 3 . 4 A $ 5 0 0 0 bond is redeemable at 9 8 in 1 0 years. It pays semi
Example
A $ bond is redeemable at in years. It pays semiannual
coupons. It is bought to yield The write up at the time of
the rd coupon is $ What is the price of the bond?
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