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The book value of the bond at the end of the fifth year is

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An n-year $2,000 par-value bond with 9% annual coupons has an annual effective yield of i, i > 0. The book value of the bond at the end of the fifth year is $1,902.63 and the book value of the bond at the end of the seventh year is $1,924.18. Find the price of the bond.

Reference no: EM13569663

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