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6 . A $ 2 , 0 0 0 , 5 . 5 % bond is purchased six years before maturity to yield 7 .

6. A $2,000,5.5% bond is purchased six years before maturity to yield 7.5% semi-annually.If the bond interest is payable semi-annually, what is the purchase price of the bond. Calculate using finacial clculator features only

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