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Suppose a six - year bond is purchased with an APR of 6 . 2 5 % . The face value of the bond is

Suppose a six

-

year bond is purchased with an APR of

6.25 % .

The face value of the bond is $

4500 .

Find the purchase

price of the bond.

The purchase price of the bond is $

(

Round to the nearest cent as needed.

)

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