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A N=2 year $2000 6% bond with quarterly coupons has redemption value $2050. It is purchased...

A N=2 year $2000 6% bond with quarterly coupons has redemption value $2050. It is purchased to yield 5% convertible quarterly. Construct a bond amortization table for the n = 8 quarters.

Show steps either in Excel or mathematically.

Hint: show first that purchase price is P = 2083.11 (rounded).

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