Business, 13.01.2021 17:10 COOLIOMARIS

An n-year 1,000 par value bond with 8 percent annual coupons has an annual effective yield of i, i>0. The book value of the bond at the end of year 3 is 1,099.84 and the book value at the end of year 5 is 1,082.27. Calculate the purchase price of the bond.

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An n-year 1,000 par value bond with 8 percent annual coupons has an annual effective yield of i, i&g...

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