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Mason purchases a$1000 par value 12-year bond with annual coupons at 5.7% which will be redeemed atC. Mason's purchase price is$1263.52 and the present value

Mason purchases a$1000 par value 12-year bond with annual coupons at 5.7% which will be redeemed atC. Mason's purchase price is$1263.52 and the present value of the redemption value is$731.66.

CalculateC.

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