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Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table belowPar ValueBond Rate Payable

Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table belowPar ValueBond Rate Payable Semi

-

AnnuallyTime Before Maturity$

1, 0005.5 % 8.5

yearsYield Rate

6.5 %

Conversion Periodsemi

-

annually

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