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[SOA 216] An investor pays 962.92 for a ten-year bond with an annual coupon rate of 8% paid semiannually. The annual nominal yield rate is

[SOA 216] An investor pays 962.92 for a ten-year bond with an annual coupon rate of 8% paid semiannually. The annual nominal yield rate is 10% convertible semiannually. Calculate the discount of this purchase

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