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(5 points) A nine-year $5,000 7% bond with semiannual coupons is purchased for $4,986. The prices allows the purchaser an annual effective yield of 6%.

(5 points) A nine-year $5,000 7% bond with semiannual coupons is purchased for $4,986. The prices allows the purchaser an annual effective yield of 6%. Calculate the redemption amount

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