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Consider a bond with redemption and face values of $1,000. This bond has a term of 10 years, pays coupons at 5% semiannually, and pays

Consider a bond with redemption and face values of $1,000. This bond has a term of 10 years, pays coupons at 5% semiannually, and pays a 6% convertible rate of return semiannually. What is the book value of this bond six years after it is issued?

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