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A 15-year bond with a face amount of $100 pays semiannual coupons of 4% per year and is to be redeemed for $105. The bond

A 15-year bond with a face amount of $100 pays semiannual coupons of 4% per year and is to be redeemed for $105. The bond is priced to yield 5% per year, convertible semiannually. Determine the price of the bond.

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