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Determine What is the value of P

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Two bonds, each with a face value of $16000, are redeemable at par in t-years and priced to yield y4= 10%. Bond 1 has a coupon rate c4= 13% and sells for $19012.33. Bond 2 has coupon rate c4= 3.1% and sells for $ P.

Question 1: What is the value of P?

Reference no: EM132473734

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