Determine the selling price for bond b

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Problem 1: Two bond has face values of $12000 and are redeemable at par in n-years. Bond A has a coupon rate of j12=12.9% and sells for $14163.60. Bond B has a coupon rate j12=3.8% and sells for $P. Determine the selling price for bond B, both bonds will yield j12=9%?

Reference no: EM132788377

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