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(No excel, no financial calculator) show steps and formula please 4) On June 1, 1990, an investor buys three 14 year bonds, each with par

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(No excel, no financial calculator) show steps and formula please

4) On June 1, 1990, an investor buys three 14 year bonds, each with par value 1000, to yield an erective annual interest rate of i on each bond. Each bond is redeemable at par. You are given (1) the first bond is an accumulation bond priced at 195.63 (2) the second bond has 9.4% semiannual coupons and is priced at 825.72 (3) the third bond has 10 % annual coupons and is priced at P. Calculate P

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