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A 30-year bond yields 6.50% per annum convertible semiannually. Coupons are paid semiannually at 7.00% per annum. The bond is redeemed at 95% of face

A 30-year bond yields 6.50% per annum convertible semiannually. Coupons are paid semiannually at 7.00% per annum. The bond is redeemed at 95% of face value at maturity. If the purchase price is $8,678, what is the face value of the bond?

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