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A $17,000, 6% bond redeemable at par on Oct 30, 2025 is purchased on Oct 24, 2021.Interest is payable semi-annually and the yield is 3.2%

A $17,000, 6% bond redeemable at par on Oct 30, 2025 is purchased on Oct 24, 2021.Interest is payable semi-annually and the yield is 3.2% compounded semi-annually.

Calculate the cash price

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