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Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to yield 3.5% compounded quarterly. Determine the purchase price Select

Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to yield 3.5% compounded quarterly. Determine the purchase price Select one: a. $22,519 O b. $23,653 O C. $26,347 O d. $27,481 e. $28,829

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