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A $110,000 bond bearing interest at 5.5% payable annually is bought ten years before maturity to yield 5.9% compounded semi-annually. If the bond is redeemable

A $110,000 bond bearing interest at 5.5% payable annually is bought ten years before maturity to yield 5.9% compounded semi-annually. If the bond is redeemable at par, what is the purchase price?

The purchase price of the bond is $__

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