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Q4 A bond that has a face value of $4,000 and coupon rate of 2.40% payable semi-annually was redeemable on July 1, 2021. Calculate the

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A bond that has a face value of $4,000 and coupon rate of 2.40% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10,2015 when the yield was 2.90% compounded semi-annually. Round to the nearest cent

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