A bond with $40 coupons every 6 months is purchased at a discount to yield j₂= 8%.If the absolute value of the write-up for the first year is $10,what is the purchase price of the bond?

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The Answer of A bond with $40 coupons every 6 months is purchased at a discount to yield j₂= 8%.If the absolute value of the write-up for the first year is $10,what is the purchase price of the bond?

A Bond with $40 Coupons Every 6 Months Is Purchased