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You have bought 100 $1,000 10-year government bonds that pay a coupon rate of 10% p.a. (semi-annual compounding). If the market yield is 18% p.a.

You have bought 100 $1,000 10-year government bonds that pay a coupon rate of 10% p.a. (semi-annual compounding). If the market yield is 18% p.a. compounding semi-annually, how much did you spend?

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