A $$$$25$ comma $000,6\mathrm{.}3\%$ bond redeemable at par is purchased $6$ years before maturity to yield $5\mathrm{.}7\%$ compounded semi dash annually. If the bond interest is payable semi dash annually comma what is the purchase price of the$$ bond?

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Part $1$

The purchase price of the bond is $$$

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