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Question 5 of 5 A $9,000 bond with a coupon rate of 5.00% is purchased 10 years before maturity when the yield rate was 7.00%

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Question 5 of 5 A $9,000 bond with a coupon rate of 5.00% is purchased 10 years before maturity when the yield rate was 7.00% compounded semi-annually. The bond coupons are paid every six months. Calculate the purchase price of the bond. $0.00 Round to the nearest cent

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