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What should be the purchase price of a $2,500 bind redeemable at 115 and bearing semi-annual coupons at 11.25 if is sold 4 years before
What should be the purchase price of a $2,500 bind redeemable at 115 and bearing semi-annual coupons at 11.25 if is sold 4 years before maturity and money is worth 13%, compounded annually?
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