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A $10000 bond is redeemable at par and bears interest at 10% compounded semi-annually. What is the purchase price ten years before maturity if the

A $10000 bond is redeemable at par and bears interest at 10% compounded semi-annually.

What is the purchase price ten years before maturity if the market rate compounded semi-annually is

a.10%

b.12%

c.8%?

explain me please

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