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Suppose that a 12-year bond pays semiannual coupons that increase by 2 dollars with each coupon. If the first coupon is for 30 dollars, the

Suppose that a 12-year bond pays semiannual coupons that increase by 2 dollars with each coupon. If the first coupon is for 30 dollars, the yield rate is 8 percent convertible semiannually, and the redemption value is 2000 dollars, find the price of the bond.

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