An investor purchased a 15-year bond with semiannual coupons, redeemable at par, for a price of 1000. The annual effective yield rate is 8%, and the annual coupon rate is 6%. Calculate the redemption...

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Extracted text: An investor purchased a 15-year bond with semiannual coupons, redeemable at par, for a price of 1000. The annual effective yield rate is 8%, and the annual coupon rate is 6%. Calculate the redemption value of the bond. Oa. 1089 O b. 1431 Oc 1203 O d. 1192 O e. 1347