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Determine the face value of the bond

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Reference no: EM133025733

Question - A coupon bond is purchased for $1037.69 with the maturity period of 10 years. The semi-annual coupon payment is $50. If the desired rate of return (yield rate) is j2 = 10% p.a., then determine the face value of the bond?

Reference no: EM133025733

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