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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 Bond

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

Par Value

Bond Rate Payable Semi-Annually

Time Before Maturity

Yield Rate

Conversion Period

$1,000

5.5%

5

years

4.75%

 Semi Annually

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