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A 15-year bond issue of 4.000.000 and bearing interest at 5.5% payable annually is sold to yeld 5.66% compounded quarterly. What is the issue price

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A 15-year bond issue of 4.000.000 and bearing interest at 5.5% payable annually is sold to yeld 5.66% compounded quarterly. What is the issue price of the bonds? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as neded)

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