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A $16,000, 6% bond redeemable at par on Oct 13, 2025 is purchased on Oct 4, 2021. Interest is payable semi-annually and the yield is

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A $16,000, 6% bond redeemable at par on Oct 13, 2025 is purchased on Oct 4, 2021. Interest is payable semi-annually and the yield is 3.2% compounded semi-annually. Calculate the cash price

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