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Determine the purchase price at the indicated time

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Question - Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below.

Par Value

Bond Rate Payable? Semi-Annually

Time Before Maturity

Yield Rate

Conversion Period

?$3,000

8.5?%

12 years

9.25?%

semi-annually

Reference no: EM133164558

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