Using the price-yield Formula 2.5 for a bond with a periodic coupon of (C / m) with

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Using the price-yield Formula 2.5 for a bond with a periodic coupon of \(C / m\) with \(N\) remaining coupons, show that \(P(N, m, C, y) \times(1+y / m)^{N}\) equals the sum of all coupon payments reinvested to maturity at the periodic rate of \(y / \mathrm{m}\) plus the principal payment paid at maturity.

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