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A $130,000 bond bearing interest at 5.5% payable semi-annually is bought ten years before maturity to yield 6.25% compounded quarterly. If the bond is redeemable

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A $130,000 bond bearing interest at 5.5% payable semi-annually is bought ten years before maturity to yield 6.25% compounded quarterly. If the bond is redeemable at par, what is the purchase price? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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