4. A thirty-year $1,000 bond with annual coupons is redeemable at par and has a...
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4. A thirty-year $1,000 bond with annual coupons is redeemable at par and has a coupon rate of 8% for the first 12 years and then 10% for the remaining years. What is he price of the bond, if an investor would like to achieve an annual effective yield of 9.2%? Already worked but not correct in chegg.
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