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A $150, 000 bond bearing interest at 6.6% payable semi dash annually is bought six years before maturity to yield 6.75% compounded quarterly. If the
A $150, 000 bond bearing interest at 6.6% payable semi dash annually is bought six years before maturity to yield 6.75% compounded quarterly. If the bond is redeemable at par, what is the purchase price?
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