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  3. 4. a thirty-year $1,000 bond with annual coupons i

4. A thirty-year $1,000 bond with annual coupons is redeemable at par and has a...

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Accounting

4. A thirty-year $1,000 bond with annual coupons is redeemable at par and has a coupon rate of 8% for the first 12 years and then 10% for the remaining years. What is he price of the bond, if an investor would like to achieve an annual effective yield of 9.2%? Already worked but not correct in chegg.

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