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Your uncle is considering buying bonds to provide some income during retirement. H e is considering purchasing a 1 0 - year bond with a

Your uncle is considering buying bonds to provide some income during retirement.

H e

is considering purchasing a

10 -

year bond with a yield of

4 % .

The coupon rate is

5.2 %

and the coupons are paid semi

-

annually. What is the value of the bond?

Answer:

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