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A ten-year 1000 par value bond pays coupons semi-annually at a nominal annual rate of 6% convertible semi-annually. The bond is priced at 1200 to

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A ten-year 1000 par value bond pays coupons semi-annually at a nominal annual rate of 6% convertible semi-annually. The bond is priced at 1200 to yield a nominal annual rate of 4% convertible semi-annually. Calculate the redemption value of the bond. Select one: A. 1033 B. 1000 C. 1077 D. 966 E. 1054

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