Question: A $ 2 5 , 0 0 0 on 6 % redeemable at par is purchased 1 1 years before maturity to yield 6 .

A $25,000 on 6% redeemable at par is purchased 11 years before maturity to yield 6.9% compounded semi annually. if the bond interest is payable semi annually what is teh purchase price of the bond?

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