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A $1000 bond paying semiannual coupons at 10% is redeemable at the option of the seller on any coupon date on or after July 1,

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A $1000 bond paying semiannual coupons at 10% is redeemable at the option of the seller on any coupon date on or after July 1, 1988. If the bond is due July 1, 2002, find the purchase price on July 1, 1977 to yield the purchaser at least 8% compounded semiannually. A. $1,087.60 B. $1,144.51 C. $1,156.22 D. $1,214.82 E. $1,312.44

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