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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 $47,000
Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below. Par Value $47,000 Bond Rate Payable Semi-Annually 6.5% Close Time Before Redemption 11 years Yield Rate 7.5% Conversion Period quarterly
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