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Andrews wants to retire the following bond early: Series - 10.4S203 Face - $3,168,501 Yield - 12.5% Close - $83.10 Assuming no brokerage fees, calculate
Andrews wants to retire the following bond early:
Series - 10.4S203
Face - $3,168,501
Yield - 12.5%
Close - $83.10
Assuming no brokerage fees, calculate the amount of cash needed to retire the bond.
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