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Homework answers / question archive / A $4000 bond is redeemable at 103 on November 10, 2025

A $4000 bond is redeemable at 103 on November 10, 2025

Finance

A $4000 bond is redeemable at 103 on November 10, 2025. It pays semi-annual coupons at j2=5% . Determine the price of the bond on May 10, 2010, to yield j2=4%.

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