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Jack bought a 4 % coupon bond three years ago for $ 9 5 0 . The bond pays interest semiannually and has a face
Jack bought a coupon bond three years ago for $ The bond pays interest semiannually and has a face value of $ with a maturity date of years starting from the time of purchase Jack just sold the bond to Adam. If Adam negotiated for a per year return for the rest of the bond period of years, calculate:a How much Adam bought the bond for?b Jack's rate of return on the bond.
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