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A $5,500, 4.50% bond was purchased 7 years and 4 months before its redemption date when the yield was 6.50% compounded semi-annually. a. Calculate the

A $5,500, 4.50% bond was purchased 7 years and 4 months before its redemption date when the yield was 6.50% compounded semi-annually. a. Calculate the purchase price of the bond. $4,907.17 $1,466.51 $3,440.66 1 072 01

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