Question: Four years after it was first issued at 6% compounded semiannually, a 25-year, $10,000 strip bond was sold on the bond market at a

Four years after it was first issued at 6% compounded semiannually, a 25-year, $10,000 strip bond was sold on the bond market at a price that would provide the purchaser with a yield rate of 4.8% compounded semiannually. To the nearest dollar what was the selling price at that time?

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