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Two bonds, each with a face value of $14000, are redeemable at par in n-years and priced to yield j4 = 4.8% Bond 1

Two bonds, each with a face value of $14000, are redeemable at par in n-years and priced to yield j4 = 4.8% Bond 1 has a coupon rate 4 = 8% and sells for $16650 16 Bond 2 has coupon rate j = 2% and sells for $ P. What is the value of P? Answer $ 12581.04675 Preview My Answers Submit Answers

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