What is the write-down in the eight year

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Reference no: EM132771156

Problem 1: A $1,000 bond, redeemable at par, with annual coupons at 1 =10%/a is purchased for $1,134.20. If the write-down in the book value is $9.26 in the first year, what is the write-down in the 8th year?

Problem 2: A bond with $80 annual coupons is purchased at a discount to yield i =10%. The write-up for the first year is $2.97. What was the purchase price?

Reference no: EM132771156

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