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Question 2 A 3 0 - year bond yields convertible semiannually. Coupons are paid semiannually at per annum. The bond is redeemed at 9 0

Question 2
A 30-year bond yields convertible semiannually. Coupons are paid semiannually at per
annum. The bond is redeemed at 90% of par value at maturity. If the purchase price is $8,000,
what is the par value of the bond?
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