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Suppose that a 12-year bond pays semiannual coupons that increase by 4 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 4 dollars with each coupon. If the first coupon is for 30 dollars, the yield rate is 7.6 percent convertible semiannually, and the redemption value is 2000 dollars, find the price of the bond. Answer =

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