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Suppose that a 12-year bond with a face value of $4000 pays semiannual coupons at...

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Accounting

Suppose that a 12-year bond with a face value of $4000 pays semiannual coupons at a rate of j2j2 = 10.8%. If the bond is redeemable for $4520, find the price to yield j2 = 12.1%.

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