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complete) A $90,000 bond bearing interest at 5.5% payable semi-annually is bought six years before maturity to yield 5.9% compounded annually. If the bond
complete) A $90,000 bond bearing interest at 5.5% payable semi-annually is bought six years before maturity to yield 5.9% compounded annually. If the bond is redeemable at par, what is the purchase price? The purchase price of the bond is $N (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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