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A $90,000 bond bearing interest at 3% payable annually is bought ten years before maturity to yield 3.15% compounded semi-annually. if the bond is redeemable
A $90,000 bond bearing interest at 3% payable annually is bought ten years before maturity to yield 3.15% compounded semi-annually. if the bond is redeemable at par, what is the purchase price?
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