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Question The purchase price of a 7-year bond with coupons at 4% convertible quarterly, a redemption value of 1500, and a yield rate of 6%

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Question The purchase price of a 7-year bond with coupons at 4% convertible quarterly, a redemption value of 1500, and a yield rate of 6% convertible quarterly is equal to 1305.20. Calculate the par value of this bond. Possible Answers 869 B 964 1034 D 1229 E 1393

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