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A 11-year bond with a face value of 1000 dollars earns interest at 9.7 percent convertible semiannually. If the bond sells for 1275.12 dollars to

A 11-year bond with a face value of 1000 dollars earns interest at 9.7 percent convertible semiannually. If the bond sells for 1275.12 dollars to yield an investor 7 percent convertible semiannually, what is the redemption value? Answer = dollars

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