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A 1,000 par value ten-year bond with coupons at 8% convertible semiannually will be redeemed for R. The purchase price is 800 and the present

A 1,000 par value ten-year bond with coupons at 8% convertible semiannually will be redeemed for R. The purchase price is 800 and the present value of the redemption value is 301.51.

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