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A $5000 bond bearing interest at 4.5% payable semi-annually matures in ten years. If it is bought to yield 3.3% compounded semi-annually, what is the
A $5000 bond bearing interest at 4.5% payable semi-annually matures in ten years. If it is bought to yield 3.3% compounded semi-annually, what is the purchase price of the bond?
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