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Erik buys a 12-year bond with 7% semiannual coupons and redeemable at par. Find the face value of the bond if Erik's purchase price is

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Erik buys a 12-year bond with 7% semiannual coupons and redeemable at par. Find the face value of the bond if Erik's purchase price is $6725 at a yield rate of 6% per annum convertible semiannually. Possible Answers A 6195 B 6200 6205 D 6210 E 6220

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