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Question 1 Not complete Marked out of 1.0 P Flag question An investor purchases at issue a government bond that is redeemable at 115% at

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Question 1 Not complete Marked out of 1.0 P Flag question An investor purchases at issue a government bond that is redeemable at 115% at the end of a 19 years term. The bond pays coupons of 5.6% per annum at the end of every two months. Assuming that the investor is subject to 20% income tax, calculate, to 2 decimal places, the purchase price per 100 unit nominal given that the investor obtains a net effective yield of 5% per annum

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