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QUESTION 22 A $7000, 8.5% bond with semi-annual coupons redeemable at 108 is bought two years before maturity to yield 6% compounded semi-annually. What is

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QUESTION 22 A $7000, 8.5% bond with semi-annual coupons redeemable at 108 is bought two years before maturity to yield 6% compounded semi-annually. What is the purchase price? QUESTION 23 A $6000 bond that pays 6% semi-annually is redeemable at par in 14 years. Calculate the purchase price if it is sold to yield 4% compounded semi-annually

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