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thanks John purchases a 10-year bond with semi-annual coupons that is redeemable at C = 750. The bond is purchased at the price of 1000
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John purchases a 10-year bond with semi-annual coupons that is redeemable at C = 750. The bond is purchased at the price of 1000 to yield 8% convertible semiannually. The first coupon payment is X, and each subsequent coupon payment is 4 dollars greater than the preceding coupon payment.
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