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A bond with a term of 7 years, with par and redemption values equal to $ 100, is such that the coupon and yield rates
A bond with a term of 7 years, with par and redemption values equal to $ 100, is such that the coupon and yield rates are 12% and 6% respectively, convertible semi-annually. The bond is issued on October 1, 2001 and the first coupon is paid on April 1, 2002. Find the absolute price of the bond as of June 1, 2004.
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