Question: A $ 1 0 , 0 0 0 bond, redeemable at par in four years, with 5 . 5 % coupons payable semi - annually,

A $10,000 bond, redeemable at par in four years, with 5.5% coupons payable semi-annually, is bought to yield 7% compounded semi-annually. calculate purchase price

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