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rev | Admin | (Created page with "An investor purchases a 20-year, 1000 face amount bond with semiannual coupons at a price equal to the redemption value of 900. The bond yields an annual nominal rate of 10% convertible semiannually. After ten years, the investor sells the bond, yielding to the buyer an annual nominal rate of 8% convertible semiannually. The investor uses the proceeds to purchase a 10-year, 1000 face amount bond with redemption value 1100 and semiannual coupons. The yield rate on the new...") | Nov 19'23 at 21:06 | +711 |