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A $5000, 11.4% bond (payable semi-annually) is redeemable at par in 5 years and 6 months. If the bond is purchased to yield 10.2% compounded

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A $5000, 11.4% bond (payable semi-annually) is redeemable at par in 5 years and 6 months. If the bond is purchased to yield 10.2% compounded semi-annually, determine the purchase price of the bond. Draw a timeline in your notes to help you practice! Select one: a. $5212.29 O b. $5264.40 O c. $5230.53 O d. $5247.89 e. $5280.12

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