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An $80,000 bond bearing interest at 6.5% payable annually is bought eight years before maturity to yield 6.2% compounded semi-annually. If the bond is redeemable

An $80,000 bond bearing interest at 6.5% payable annually is bought eight years before maturity to yield 6.2% compounded semi-annually. If the bond is redeemable at par, what is the purchase price?

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