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What is the value of a bond with a redemption value of 12,000 @ 3.85% nominal annual rate payable twice annually redeemable in 2 years
What is the value of a bond with a redemption value of 12,000 @ 3.85% nominal annual rate payable twice annually redeemable in 2 years where the prevailing interest rate is 2.5% per annum.
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