The face and redemption value

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A 14-year bond earns interest at 9.2% convertible semiannually and has a yield rate of 6.8% convertible semiannually. If the book value immediately after the 7th coupon payment is $1199.09, and the book value immediately after the 11th coupon payment is $1180.94, what is the face value? Note: Do NOT assume that the face value and redemption value are the same!

F = $ (4 decimal place)

Reference no: EM132056367

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