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  3. a $16000 bond that matures in n-years with quarter

A $16000 bond that matures in n-years with quarterly coupons at j4=7.8%j4=7.8%, redeemable at par,...

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Finance

A $16000 bond that matures in n-years with quarterly coupons at j4=7.8%j4=7.8%, redeemable at par, will be sold for $13299.16 to an investor who wishes to yield j4=11%j4=11%. If the coupon rate was changed to j4=10%j4=10%, what price would this investor pay for the bond?

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(1 point) A $16000 bond that matures in n-years with quartery coupons at 7.8%, redeemable at par, will be sold for $13299.16 to an investor who wishes to yield j4 11%. If the coupon rate was changed to j.-10%, what price would this investor pay for the bond? Answer:S

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