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There are two bonds mature in 20 years. Bond M , face value is 30000. No Payment in first 6 years . Then next eight
There are two bonds mature in 20 years. Bond M , face value is 30000. No Payment in first 6 years . Then next eight years 3100 every six months and next 6 years 3400 in every six months. Bond N also face value of 30000. No payment during the life. Both have required rate of return 12% compounded semi-annually. What is the current bond price of both bonds
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