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Posted on Jul 28, 2024

A 1 0 0 0 - par, 1 8 - year bond pays semiannual coupons at a rate of 6 % . The price of

1000 -

par,

18 -

year bond pays semiannual coupons at a rate of

6 % .

The price of the bond is

791.42

and the present value of the redemption amount is

224.18 .

Calculate the redemption amount.

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