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Brady purchased a $25 000, 10.5 percent bond redeemable at par with semi-annual coupon payments. He purchased the bond 10 years before maturity to yield

Brady purchased a $25 000, 10.5 percent bond redeemable at par with semi-annual coupon payments. He purchased the bond 10 years before maturity to yield 12 percent compounded semi-annually. Six years after purchasing the bond (four years before maturity), what would be his selling price if the yield to maturity has not changed?

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