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Please do not use excel or programs. Please do not copy and paste same answers. 7. Jose bought a portfolio of five bonds for $50,000.

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Please do not use excel or programs. Please do not copy and paste same answers.

7. Jose bought a portfolio of five bonds for $50,000. Each of thee bonds is a par valued 10,000 6% bond with annual coupons. These five bonds mature at time t 16 through t-20. Find Jose's APY

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