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Problem 2. (1 point) Suppose that a 16-year bond with a face value of 3000 dollars is redeemable at par and pays semiannual coupons that

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Problem 2. (1 point) Suppose that a 16-year bond with a face value of 3000 dollars is redeemable at par and pays semiannual coupons that increase by 1.7 percent per coupon. If the last coupon is for 95 dollars and the yield rate is 6.8 percent convertible semiannually, what is the book value of the bond immediately after the 13th coupon is paid? Answer = dollars. preview answers

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