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Brandon purchases a $1000 par value 12-year bond with annual coupons at 5.2% which will be redeemed at C. Brandon's purchase price is $1260 and

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Brandon purchases a $1000 par value 12-year bond with annual coupons at 5.2% which will be redeemed at C. Brandon's purchase price is $1260 and the present value of the redemption value is $730. Calculate C. Possible Answers A 990 B 994 1185 D 1200 E 1207

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