A 9-year bond with a face value of 1000 dollars earns interest at 9.4 percent convertible semiannually.
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A 9-year bond with a face value of 1000 dollars earns interest at 9.4 percent convertible semiannually. If the bond sells for 989.88 dollars to yield an investor 8 percent convertible semiannually, what is the redemption value?
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ISBN: 978-0132832403
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Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb
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