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  3. (1 point) two bonds, each with a face value of $20

(1 point) Two bonds, each with a face value of $20000, are redeemable at par...

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Accounting

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(1 point) Two bonds, each with a face value of $20000, are redeemable at par in t-years and priced to yield y 12 = 7%. Bond 1 has a coupon rate C12 = 12.1% and sells for $24985.63. Bond 2 has coupon rate C12 = 3.2% and sells for $P. What is the value of P

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