Question: For a $ 1 bond the coupon rate is 1 2 0 % of the yield rate and the premium is p . For another

For a $1
bond the coupon rate is 120
% of the yield rate and the premium is p
. For another $1
bond with the same number of coupons and the same yield rate, the coupon rate is 65
% of the yield rate. Express the price of the second hond as a function of p
.

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