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Question 12 Two 1000 par value bonds are purchased. The 2n-year bond costs 250 more than the n-year bond. Each has 13% annual coupons and

Question 12 Two 1000 par value bonds are purchased. The 2n-year bond costs 250 more than the n-year bond. Each has 13% annual coupons and each is purchased to yield 6.5 % annual effective. Calculate the price of the n-year bond. 1200 B 1300 1400 D 1500 E 1600

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