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Two bonds, each with a face value of $20000, are redeemable at par in n-years and priced to yield j 4 j4 = 6.4%. Bond
Two bonds, each with a face value of $20000, are redeemable at par in n-years and priced to yield j4j4 = 6.4%. Bond 1 has a coupon rate j4j4 = 7.6% and sells for $21187.98. Bond 2 has coupon rate j4 = 5.2% and sells for $ P. What is the value of P?
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The Oxford Handbook Of The Sociology Of Finance
Authors: Karin Knorr Cetina, Alex Preda
1st Edition
0198708777, 978-0198708773
