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A $40,000, 8.2% bond will be called at 105 on June 1, 2022. The bond pays interest semiannually on June 1st and December 1st. If

A $40,000, 8.2% bond will be called at 105 on June 1, 2022. The bond pays interest semiannually on June 1st and December 1st. If the bond is purchased on June 1, 2017 to yield 6% compounded semiannually, find the purchase price. ($45,241.48) Cannot use Excel.

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