Question: Two bonds, each with a face value of $ 1 4 0 0 0 , are redeemable at par in n - years and priced

Two bonds, each with a face value of $14000, are redeemable at par in n-years and priced to yield j4=48%. Bond 1 has a coupon rate j4=8% and sells for $16650.16. Bond 2 has coupon rate j4=2% and sells for $P. What is the value of P?
Answer $
Two bonds, each with a face value of $14000, are redeemable

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