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What is the purchase price of a $10 000, 3.5 percent bond with semiannual coupons redeemable at 108 in 7 years if the bond is

What is the purchase price of a $10 000, 3.5 percent bond with semiannual coupons redeemable at 108 in 7 years if the bond is bought to yield 2.5 percent compounded semiannually? HINT: The bond will be redeemed prior to maturity at 108

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