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] A certain group of bonds has a combined redemption value of $ 2 5 , 0 0 0 that will be paid 9 years

]A certain group of bonds has a combined redemption value of $25,000 that will be paid 9 years from today.
The face value of the bonds is $20,000, the coupon rate is 3.15%, and interest is paid semi-annually. How
much should you pay for these bonds if you wish to achieve a yield of 5.50%?
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