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[SOA 318] A ten-year bond with a face amount of 1000 , a redemption value of C, and an annual coupon rate of 7% paid

image text in transcribed [SOA 318] A ten-year bond with a face amount of 1000 , a redemption value of C, and an annual coupon rate of 7% paid semiannually is purchased at a discount to yield an annual nominal rate of 7.5%, convertible semiannually. The accumulation of discount in the 12th coupon is 7 . Calculate C

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