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The interest paid during the 20th year on a 20 - year $ 1000 bond with annual coupons to be redeemed at par is equal

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The interest paid during the 20th year on a 20 - year $ 1000 bond with annual coupons to be redeemed at par is equal to 70% of the principal adjustment during the same year. If r = i +.03, where r is the coupon rate and i is the yield rate, find the original price of the bond

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