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Using the information given below, find the book-value (i.e. (i.e. the value of the remaining payments valued using the same yield rate as purchase) of
Using the information given below, find the book-value (i.e. (i.e. the value of the remaining payments valued using the same yield rate as purchase) of the bond immediately after the 10th coupon is paid. Term: 20 Years Yield Rate: 4.5% compounded semiannually Annual Coupon Rate: 2.5% payable semiannually Face Value: 1000 Redemption Value: Par or Face Value Give your answer as a whole number (i.e.x). Note: Coupons are paid at the end of every six month period
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