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Question 12 A 10- 3.78 year 1,000 face value bond with semiannual coupons sells for 950. If coupons can be reinvested for % compounded semiannually;

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Question 12 A 10- 3.78 year 1,000 face value bond with semiannual coupons sells for 950. If coupons can be reinvested for % compounded semiannually; find the coupon amount that results in 8% semiannual modified internal rate of return for the investment. Coupon amount: Please show your work below

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