The security lasts for 10 years. Another security of equal risk also has a maturity of 10 years, and pays 10 percent compounded monthl

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You have just bought a security that pays $500 every six months. The security lasts for 10 years. Another security of equal risk also has a maturity of 10 years, and pays 10 percent compounded monthly (that is, the nominal rate is 10 percent). What should be the price of the security that you just purchased?

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