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Posted on Aug 21, 2024

A $ 8 0 0 0 0 bond bearing interest at 7 % payable semi dash annually is bought six years before maturity to yield

80000

bond bearing interest at

7 %

payable semi dash annually is bought six years before maturity to yield

7.1 %

compounded quarterly. If the bond is redeemable at

par, what is the purchase

price?

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