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Question 7 (1 point) A bond has the following conditions: . Face value of $1000 Redemption value of $1500 20-year maturity period Coupons payable semiannually

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Question 7 (1 point) A bond has the following conditions: . Face value of $1000 Redemption value of $1500 20-year maturity period Coupons payable semiannually at an annual rate of 8% of the face value Annual effective yield rate of 6% . Calculate the price of the bond. a) 1429.27 b) 1385.30 c) 1451.08 d) 1398.86 e) 1488.82

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