What is Nancy total profit achieved

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Question - A $800000 bond pays interest at j12121212 = 6% redeemable at 100 in 15 years. Nancy buys the bond to yield j = 14% and strips the coupons to sell the remaining strip bond to Cindy, who yields j = 7%. If Nancy then sells the coupons to Jade, who wishes to yield j = 4%, What is Nancy's total profit achieved from her investment?

Reference no: EM132929067

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