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A $2,500 bond redeemable at par on September 1, 2020 bearing interest at 9.5%, payable semi-annually, is bought to yield 13% semi-annually on June 6,
A $2,500 bond redeemable at par on September 1, 2020 bearing interest at 9.5%, payable semi-annually, is bought to yield 13% semi-annually on June 6, 2015. What was the price?
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