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3 A $5,000 face value strip bond has twelve years remaining until maturity. The market rate of return on such bonds is 5.5% compounded semiannually.

3 A $5,000 face value strip bond has twelve years remaining until maturity. The market rate of return on such bonds is 5.5% compounded semiannually. What is its price today? 6 3610.67

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