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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 below.Par Value$ 3 6

Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below.Par Value$

36, 000

Bond Rate Payable Semi

-

Annually

7 %

Time Before Redemption

11

yearsYeield year

8 %

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