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A $3,000,000 issue of six-year bonds redeemable at par offers 9% coupons payable annually. What is the issue price of the bonds to yield 9.7%

A $3,000,000 issue of six-year bonds redeemable at par offers 9% coupons payable annually. What is the issue price of the bonds to yield 9.7% compounded quarterly?

The issue price of the bond is __ (3 decimal values )

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A $3,000,000 issue of six-year bonds redeemable at par offers 9% coupons payable annually. What is the issue price of the bonds to yield 9.7% compounded quarterly? The issue price of the bond is 5

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