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Question 4 (1 point) A $1000 par, 15-year bond pays semiannual coupons at an annual rate of 6%. The bond has a semiannual effective yield

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Question 4 (1 point) A $1000 par, 15-year bond pays semiannual coupons at an annual rate of 6%. The bond has a semiannual effective yield rate of 5%. Calculate the amount of discount accumulated over the 5th year using the constant yield method. a) 11.53 b) 17.04 c) 12.71 d) 15.46 e) 14.02

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