Question: . A $ 1 0 0 0 , 5 % bond is purchased 8 . 5 years before maturity to yield 4 % compounded semi

. A $1000,5% bond is purchased 8.5 years before maturity to yield 4% compounded
semi-annually. If the bond interest is payable semi-annually, what is the purchase
price of the bond?
. A $1000,5% bond is purchased 8.5 years before maturity to

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