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The company issues a special 20-year bond issue that has no coupons. Rather, interest will accumulate on the bond at rate r(2)=11% for the life of the bond, At the time of maturity, the total value of the loan will be paid off, including all accumulated interest. find the price of a $1000 bond of this issue to yield i(2)=10%

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Financial Management, Finance

Category:- Financial Management
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