Question: Question 4 --/3 A $1000 five-year bond redeemable at par and bearing interest at 3% payable semi- annually is purchased three years and four months

Question 4 --/3 A $1000 five-year bond redeemable at par and bearing interest at 3% payable semi- annually is purchased three years and four months before maturity. Determine the cash price of the bond. Type your

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