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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 Redemption	Yield Rate	Conversion Period
$49,000	8%	12 years	9%	monthly

The purchase price of the bond is $ _.

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