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  3. (4 marks) a $100,000 bond that pays quarterly coup

(4 marks) A $100,000 bond that pays quarterly coupons is purchased at a price P...

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Accounting

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(4 marks) A $100,000 bond that pays quarterly coupons is purchased at a price P on June 1, 2020 to yield j2= 8.08. The coupon rate for the first 4 years is j4= 4% and then the coupon rate increases to j4=6% thereafter. The bond is redeemable at par on December 1, 2028. Calculate P, the purchase price

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