Question: Write by hand please answer ASAP 3. Penelope purchased a $10,000, 8% quarterly bond, held it for five years, received twenty coupon payments, and redeemed

Write by hand please answer ASAP

3. Penelope purchased a $10,000, 8% quarterly bond, held it for five years, received twenty coupon payments, and redeemed it at par value. What was the purchase price of the bond if she earned a yield of 12% compounded quarterly on her investment

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