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7. A 4,000 bond with 3% Semiannual coupons is redeemable at 4,050 in 15 years, what Price should be paid to earn a annual

7. A 4,000 bond with 3% Semiannual coupons is redeemable at 4,050 in 15 years, what Price should be paid to earn a annual rate of 5% convertible Semiannually nominal

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