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A $4,000,000 issue of ten-year bonds redeemable at par offers 6% coupons payable semi-annually. What is the issue price of the bonds to yield 8.1%

A $4,000,000 issue of ten-year bonds redeemable at par offers 6% coupons payable semi-annually. What is the issue price of the bonds to yield 8.1% compounded quarterly?

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