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4 ) A four - year 1 0 0 0 face amount bond, with an annual coupon rate of 5 % paid semiannually, has redemption
A fouryear face amount bond, with an annual coupon rate of paid semiannually, has redemption value of C It is bought at a price to yield an annual nominal rate of convertible semiannually. If the term of the bond had been two years, the purchase price would have been less. Calculate C
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