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8. You are given the following information on a bond. 0 Par Value = 1000 = Redemption Value II Coupon Rate = 12% convertible semiannually

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8. You are given the following information on a bond. 0 Par Value = 1000 = Redemption Value II Coupon Rate = 12% convertible semiannually while Yield Rate = 10% convertible sen'iiannuail',|r The bond has a term of n years. If the term of the bond is doubled, the price will increase by 50. Calculate the price of the nyear bond. Round your answer to the nearest whole number

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