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(5 pts) A 20-year bond with par value $1,000 and annual coupon rate r is redeemable at $1,100. You are given the price to yield

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(5 pts) A 20-year bond with par value $1,000 and annual coupon rate r is redeemable at $1,100. You are given the price to yield an effective annual interest rate of 6% is P; the price to yield an effective annual interest rate of 7% is P - 110; the price to yield an effective annual interest rate of is X; Calculate X

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