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July 29, 2015

Homework Help: maths

Posted by k on Tuesday, October 26, 2010 at 8:56am.

A bond with face value of $500 redeemable at par in 13 years time, is paying interest at j2 = 9.0%. Find the purchase price of the bond to give a yield to maturity of j2 = 8.4%.

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