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A 7 0 0 par value five - year 1 0 % bond with semiannual coupons is purchased for 6 7 0 . 6 0

700

par value five

-

year

10 %

bond with semiannual coupons is purchased for

670.60 .

The present value of the redemption value is

372.05 .

Calculate the redemption value?

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