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Problem 6: A 1000-par, 10-year bond with annual coupons has a coupon rate of 6%. It is purchased at a discount. The accumulation of discount

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Problem 6: A 1000-par, 10-year bond with annual coupons has a coupon rate of 6%. It is purchased at a discount. The accumulation of discount for the first coupon payment is 9.264, whereas that for the 8th coupon payment is 15.877. Find the price of the bond

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