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A $ 1 0 0 0 bond bearing interest at 8 % payable semi - annually redeemable at par on February 1 , 2 0

A $1000 bond bearing interest at 8% payable semi-annually redeemable at par on February 1,2024, was purchased on October 12,2017, to yield 7% compounded semi-annually. Determine the purchase price.

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