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Problem 3. (1 point) A 11-year bond with a face value of 5000 dollars is redeemable at par and earns interest at 10 percent convertible
Problem 3. (1 point) A 11-year bond with a face value of 5000 dollars is redeemable at par and earns interest at 10 percent convertible semiannually. If the yield rate is 7.2 percent convertible semiannually, how large is each coupon? Answer = dollars
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