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Posted on Oct 18, 2024

A 1 0 - year, 6 % , $ 3 , 0 0 0 bond ( cash interest payable 3 % semiannually ) is sold

10 -

year,

6 %,

3, 000

bond

(

cash interest payable

3 %

semiannually

)

is sold to yield

8 %

interest. Compute the bond selling price.

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