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A 7 - year bond with a face value of $ 1 0 0 0 pays semi - annual coupons at j 2 = 9

A 7-year bond with a face value of $1000 pays semi-annual coupons at
j2=9.6%. If the bond sells for $1216.53 to yield an investor j2=6.8%, what is the redemption value?

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