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A $140,000 bond bearing interest at 4% payable semi-annually is bought five years before maturity to yield 3.6% compounded quarterly. If the bond is redeemable

A $140,000 bond bearing interest at 4% payable semi-annually is bought five years before maturity to yield 3.6% compounded quarterly.

If the bond is redeemable at par, what is the purchase price?

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