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Problem 1. Amortizing Bond Assume that a bond makes 30 equal annual payments of $1,000 starting one year from today. (This security is sometimes referred

Problem 1. Amortizing Bond Assume that a bond makes 30 equal annual payments of $1,000 starting one year from today. (This security is sometimes referred to as an amortizing bond.) If the discount rate is 3.5% per annum, what is the current price of the bond?

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