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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
$8 comma 000
9.5%
9.5 years
8.75%
semi dash annually
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Part 1
The purchase price of the bond is $
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