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A $ 2 5 0 0 0 , 6 % bond redeemable at par is purchased 1 1 years before maturity to yield 6 .

A $25000,6% bond redeemable at par is purchased 11 years before maturity to yield 6.9% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond?
a
$11845.32
b
$26845.32
c
$26285.32
d
$23285.32

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