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A $140,000 bond bearing interest at 8% payable annually is bought ten years before maturity to yield 8.65% compounded semi-annually. If the bond is redeemable

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A $140,000 bond bearing interest at 8% payable annually is bought ten years before maturity to yield 8.65% compounded semi-annually. If the bond is redeemable at par, what is the purchase price? The purchase price of the bond is $0. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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