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Please solve using formula, NOT EXCEL. Two 10,000 bonds, both redeemable at par at the end of the same term, are bought to yield 3.8%
Please solve using formula, NOT EXCEL.
Two 10,000 bonds, both redeemable at par at the end of the same term, are bought to yield 3.8% compounded semiannually. One bond costs 12,015.04 and has a coupon rate of 5% payable semiannually. The other bond has a coupon rate of 2.5% payable semiannually. Find the price of the second bondStep by Step Solution
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