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Solve the following questions about bonds: B) An investor purchased a 25-year bond with semiannual coupons,...

Solve the following questions about bonds: B) An investor purchased a 25-year bond with semiannual coupons, redeemable at par, for a price of 10,000. The annual effective yield rate is 7.05%, and the annual coupon rate is 7%. Calculate the redemption value of the bond.

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