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You are given the following information about a 20-year bond with face amount 7, 500: i. The bond has an annual coupon rate of 7.4%

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You are given the following information about a 20-year bond with face amount 7, 500: i. The bond has an annual coupon rate of 7.4% paid semiannually. ii. The purchase price results in an annual nominal yield rate to the investor of 5.3% convertible semiannually. iii. The amount for amortization of premium in the fourth coupon payment is 28.31. Calculate the redemption value of the bond

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