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Question A twelve-year bond bears semiannual coupons of $3 each and has a redemption value of $100. The bond is purchased to yield 8% compounded

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Question A twelve-year bond bears semiannual coupons of $3 each and has a redemption value of $100. The bond is purchased to yield 8% compounded semiannually. To the nearest .02, find the amount of increase in the book value at the time of the seventh coupon payment. Possible Answers A .49 B .53 .67 D .79 E .81

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