Question: You purchase an n - year 1 , 0 0 0 par value bond with 1 0 . 2 percent annual coupons to yield an

You purchase an n-year 1,000 par value bond with 10.2 percent annual coupons to yield an annual effective
yield j. The book value of the bond at the end of year 12 is 1,228.80 and the book value of the bond at the
end of year 13 is 1,217.73.
What is the book value at the end of year 11.
A)1,229.44
B)1,234.84
C)1,245.83
D)1,239.11
E)1,244.74

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