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A $22,000, 7.5% bond redeemable at par is purchased 5 years before maturity to yield 5.7% compounded semi-annually. If the bond interest is payable semi-annually,

A $22,000, 7.5% bond redeemable at par is purchased 5 years before maturity to yield 5.7% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond?

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