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A$15,000, 5.5% bond is purchased 10.5 years before maturity to yield 8% compounded annually. If the bond interest is payable semi-annually, what is the

A$15,000, 5.5% bond is purchased 10.5 years before maturity to yield 8% compounded annually. If the bond interest is payable semi-annually, what is the purchase price of the bond? Show all of your work using the financial calculator method. You can type out the work below or attach a Word file or jpg photo.

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