Question: (1 point) Two bonds, each with a face value of $11000, are redeemable at par in t- years and priced to yield y2-696. Bond i

(1 point) Two bonds, each with a face value of $11000,

(1 point) Two bonds, each with a face value of $11000, are redeemable at par in t- years and priced to yield y2-696. Bond i has a coupon rate c2-11.1% and sells for $14523.39. Bond 2 has coupon rate c2-3.7% and sells for $ What is the value of P? Answer: $

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