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57) A $100000.00,7% bond with semi-annual coupons redeemable at 105 on November 1,2001 , is purchased on July 23,1999 , to yield 8% compounded semi-annually.

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57) A $100000.00,7% bond with semi-annual coupons redeemable at 105 on November 1,2001 , is purchased on July 23,1999 , to yield 8% compounded semi-annually. Determine the quoted price. Answer: 57) A $100000.00,7% bond with semi-annual coupons redeemable at 105 on November 1,2001 , is purchased on July 23,1999 , to yield 8% compounded semi-annually. Determine the quoted price

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