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Question 1 Not complete Marked out of 1.0 P Flag question A bond is issued with a term of 28 years and is redeemable at
Question 1 Not complete Marked out of 1.0 P Flag question A bond is issued with a term of 28 years and is redeemable at 106%. It pays coupons of 5.5% per annum half-yearly in arrears. An investor, subject to 37% income tax, purchases at issue the 10,000 nominal of the bond and obtains a net effective yield of 5.5% per annum. Calculate, to 2 decimal places, the issue price paid by the investor
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