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Business, 29.03.2021 15:50 suieemage

On June 1, 1990, an investor buys three 14-year bonds, each with par value 1000, to yield an effective annual interest rate of i on each bond. Each bond is redeemable at par. You are given:the first bond is an accumulation bond priced at 195.63;the second bond has 9.4 percent semiannual coupons and is priced at 825.72; andthe third bond has 10 percent annual coupons and is priced at P. Calculate P. ADAPT Note: An accumulation bond is one that does not have any coupons.

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On June 1, 1990, an investor buys three 14-year bonds, each with par value 1000, to yield an effecti...
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