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A 15 15-year bond issue of 5 comma 800 comma 000 5,800,000 and bearing interest at 4 4% payable annually is sold to yield 3.7

A 15 15-year bond issue of 5 comma 800 comma 000 5,800,000 and bearing interest at 4 4% payable annually is sold to yield 3.7 3.7% compounded semi dash annually semi-annually. What is the issue price of the bonds?

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