An n-year zero coupon bond with a par value

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Reference no: EM131027071

An n-year zero coupon bond with a par value of $1000 was purchased for $600. A 2n-year $1000 par value bond with annual coupons of $x was purchased for $850. A 3n-year $1000 par value bond with annual coupons of $x was purchased for $P. All three bonds have the same yield rate. Compute P.

Reference no: EM131027071

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