Question: A ( $ 25000,6 % ) bond redeemable at par is purchased 11 years before maturity to yield ( 6.9 % ) compounded semiannually. If

A \( \$ 25000,6 \% \) bond redeemable at par is purchased 11 years before maturity to yield \( 6.9 \% \) compounded semiannually. If the bond interest is payable semi-annually, what is the purchase pr

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