Suppose that a 11-year bond with a face value of $2000 pays semiannual coupons at...
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Accounting
Suppose that a 11-year bond with a face value of $2000 pays semiannual coupons at a rate of j2 = 9.8%. If the bond is redeemable for $1900, find the price to yield j2 = 12.6%.
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