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Jack purchases a $4300 bond with an interest rate of 2.8% p.a. payable semi-annually and a maturity date of 9 years from now. If the
Jack purchases a $4300 bond with an interest rate of 2.8% p.a. payable semi-annually and a maturity date of 9 years from now. If the yield rate is 4.2% p.a. compounded semi-annually, what is the purchase price of Jack's bond
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