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- A $16,000, 6.3% bond with interest payable semiannually matures on September 1, 2020. If the bond is expected to be called at 104 on

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- A $16,000, 6.3% bond with interest payable semiannually matures on September 1, 2020. If the bond is expected to be called at 104 on March 1, 2016, find the purchase price on September 1, 2010 for a buyer who wants to earn 5.2% compounded semiannually. (8 pts)

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