Question: question 5 (1 pt) A 16-year bond with a face value of 1500 dollars is redeemable at twice par, and pays annual coupons at a

question 5 (1 pt) A 16-year bond with a face value of question 5

(1 pt) A 16-year bond with a face value of 1500 dollars is redeemable at twice par, and pays annual coupons at a rate of 3.4 percent effective. Find the price to yield an investor 5.9 percent effective. Answer = dollars

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