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how can i solve this? please write the formula first and then answer it in details, thank you 2. A 15 year 1000 par bond

how can i solve this? please write the formula first and then answer it in details, thank youimage text in transcribed

2. A 15 year 1000 par bond has 7% semiannual coupons and is callable at par after 10 years. What is the price of the bond to yield 5% for the investor? Solution: 1,155.89

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