Considering purchasing a bond with face value

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Reference no: EM131021452

Dr. Bozner is considering purchasing a bond with face value of $2500 and a bond rate of 8% payable semiannually. The bond has a remaining life of ten years. How much should Dr. Bozner pay for the bond in order to yield a return of 10% compounded semiannually?

Reference no: EM131021452

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