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A $80,000 bond bearing interest at 8.5% payable semi-annually is bought five years before maturity to yield 8.3% compounded annually. If the bond is redeemable
A $80,000 bond bearing interest at 8.5% payable semi-annually is bought five years before maturity to yield 8.3% compounded annually. If the bond is redeemable atpar, what is the purchaseprice?
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