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Business, 04.03.2020 23:41 tjuicy1

An n n-year 1,000 par value bond with 8% annual coupons has an annual effective yield of i i, i > 0 i>0. The book value of the bond at the end of year 3 is 1,099.84 and the book value at the end of year 5 is 1,082.27. Calculate the purchase price of the bond.

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