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show all work please! 16. A bond with a $1,000 face amount pays semiannual coupons at a rate of Y% per year. The bond has
show all work please! 
16. A bond with a $1,000 face amount pays semiannual coupons at a rate of Y% per year. The bond has 20 years to maturity and is priced to yield 6% compounded semiannually. The bond's price is $884.426140. Determine the bond's book value value immediately after the 17th coupon payment. A. $ 518 B. $ 618 C. $ 718 D. $ 818 E. $ 918 Step by Step Solution
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Finance Capital Markets Financial Management And Investment Management
Authors: Frank J. Fabozzi, Pamela Peterson Drake
1st Edition
0470407352, 978-0470407356
