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A $1000 par value bond with 10% semiannual coupons is issued with the condition that redemption can take place on any coupon date between 12
A $1000 par value bond with 10% semiannual coupons is issued with the condition that redemption can take place on any coupon date between 12 and 15 years from the issue date. The bond is redeemable at par. Find the price paid by an investor wishing a minimum yield of 8% convertible semiannually. Group of answer choices
1144.51
1152.47
1159.83
1172.92
1178.74
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