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6. A $20,000 bond redeemable at par on October 27, 2017, is purchased on November 15, 2006. Interest is 6.7% payable semi-annually and the yield

6. A $20,000 bond redeemable at par on October 27, 2017, is purchased on November 15, 2006. Interest is 6.7% payable semi-annually and the yield is 8.3% compounded semi-annually. What is the cash price of the bond

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