how to solve this question? Answer is $5291

Economics
Tutor: None Selected Time limit: 1 Day

Suppose a bond, with principal amount of $5000,has a 9% coupon,

Aug 10th, 2014

5000*(1+0.09) =5450
......
also other bond for P
hence P =5450/1.03 =5291

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Aug 10th, 2014

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Aug 10th, 2014
Dec 9th, 2016
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