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A ten - year bond with a face amount of 1 , 0 0 0 , a redemption value of C , and an annual

A ten-year bond with a face amount of 1,000, a redemption value of C, and an annual coupon rate of 7% paid semiannually is
purchased at a discount to yield an annual nominal rate of 7.5%, convertible semiannually.
The accumulation of discount in the 12th coupon is 7.
Calculate C.
673
799
1,193
1,344
1,540
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