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A $ 1 0 0 0 0 bond with a coupon rate of 7 . 6 payable semiannually is redeemable after an unspecified number of
A $ bond with a coupon rate of
payable semiannually is redeemable after an unspecified number of years at The bond is bought to yield convertible semiannually. If the present value of the redemption value is $ at this yield rate, find the purchase price.
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