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A $5000, 3% bond is purchased 4 years and six months before maturity to yield 5% compounded semi-annually. If the bond interest is payable semiannually,
A $5000, 3% bond is purchased 4 years and six months before maturity to yield 5% compounded semi-annually. If the bond interest is payable semiannually, what is the purchase price of the bond?
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