Question: A $ 2 2 , 0 0 0 , 9 . 6 % bond redeemable at par is purchased 8 years before maturity to yield

A $22,000,9.6% bond redeemable at par is purchased 8 years before maturity to yield 6.8% compounded semi-annually. If the bond interest is payable
semi-annually, what is the purchase price of the bond?
The purchase price of the bond is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
A $22,000,9.6% bond redeemable at par is purchased 8 years before

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