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A $110,000 bond bearing interest at 3.5% payable semi-annually is bought eight years before maturity to yield 3.15% compounded quarterly. If the bond is redeemable

A $110,000 bond bearing interest at 3.5% payable semi-annually is bought eight years before maturity to yield 3.15% compounded quarterly. If the bond is redeemable at par, what is purchase price?

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