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A $15,000,72% bond redeumable at par is purchased 8.5 years before maturity to yield 8.6% compounded semi-annually. If the bond interest is payablo semi-annually, What

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A $15,000,72% bond redeumable at par is purchased 8.5 years before maturity to yield 8.6% compounded semi-annually. If the bond interest is payablo semi-annually, What is the purchase price of the bond? The purchase price of the bond is 3 (Round the firal answer to the nearest cent as needed. Round all intermodiato values to six decimal places as needed.)

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