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An n - year bond with an annual coupon rate of r % has the following characteristics: The face amount is 9 8 0 .
An nyear bond with an annual coupon rate of r
has the following characteristics:
The face amount is
Coupons of are paid semiannually.
The annual nominal yield rate convertible semiannually is r
The purchase price is
The redemption value is
Calculate n
possible answer choices:
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