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5. A $1000, 12% quarterly bond is purchased for $950 and is to be sold after 3 years after receipt of the 12th bond payment).

5. A $1000, 12% quarterly bond is purchased for $950 and is to be sold after 3 years after receipt of the 12th bond payment). What must it sell for in order to yield 4% per 3-month period? (10 points)

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