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You are given the following information aboutr a 20 year bond with face amount 4000. The bond has an anual coupon rate of 8% paid
You are given the following information aboutr a 20 year bond with face amount 4000. The bond has an anual coupon rate of 8% paid semiannually. the purchase price results is an annual nominal yield rate to the investor of 5.6% convertible semiannually. the amount for amortization of premium in the sixth coupon payment is 32. Calculate the redemption value of the bond.
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