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A 15-year bond issue of 5,000,000 and bearing interest at 5% payable annually is sold to yield 4.85% compounded semi-annually. What is the issue price

A 15-year bond issue of 5,000,000 and bearing interest at 5% payable annually is sold to yield 4.85% compounded semi-annually. What is the issue price of the bonds?

The purchase price of the bond is $____

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