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A $2,500 6.5% eight-year bond has annual coupons. If it is purchased for $2,590, the investor will anticipate a 5.4% annual yield for the eight-year

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A $2,500 6.5% eight-year bond has annual coupons. If it is purchased for $2,590, the investor will anticipate a 5.4% annual yield for the eight-year investment. Find the redemption amount on this bond

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