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Suppose that a 9-year bond with a face value of $1000 pays semi-annual coupons at a rate of j 2 j2 = 9%. If the

Suppose that a 9-year bond with a face value of $1000 pays semi-annual coupons at a rate of j2j2 = 9%. If the bond is redeemable for $1040, find the price per $100 unit that will yield j2 = 12.2%.

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