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A $15,000, 6.5% bond redeemable at par is purchase 11 years before maturity to yield 6.6% compounded semi-annually. If the bond interest is payable semi-annually,

A $15,000, 6.5% bond redeemable at par is purchase 11 years before maturity to yield 6.6% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond?

The Purchase price of the bond is $__

(WILL THUMBS UP IF CORRECT AND DOWN IF INCORRECT)

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