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A $27000, 4% bond redeemable at par is purchased 12.5 years before maturity to yield compounded If the bond interest is payable what is the

A $27000, 4% bond redeemable at par is purchased 12.5 years before maturity to yield compounded If the bond interest is payable what is the purchase price of the bondif the bond ia purchased to yield

(a) 5% compounded annually

(b)3% compounded annually

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