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Problem #8: Consider a 40-year bond with face and redemption value $11568, a nominal annual coupon rate of 7% [3 marks] compounded semiannually, and a

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Problem #8: Consider a 40-year bond with face and redemption value $11568, a nominal annual coupon rate of 7% [3 marks] compounded semiannually, and a nominal annual yield of 5% compounded semiannually. Determine the book value after 17 years. (A) 14709.19 (B) 14662.81 (C) 14639.62 (D) 14686.00 (E) 14732.38 Problem #8: Select

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