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A 20-year bond issue of 5,100,00 and bearing interest at 3.5% payable annually is sold to yield 3.1% compounded quarterly. What is the issue price

A 20-year bond issue of 5,100,00 and bearing interest at 3.5% payable annually is sold to yield 3.1% compounded quarterly. What is the issue price of the bonds?

ANS: 5,372,570.98

*Note: unable to get to that answer. Using a TI BA II PLUS. Please show Calculator solution. Thank you *

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