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What is the purchase payment for the bond

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Reference no: EM132722278

A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on March 8, 2012. The bond matures on July 1, 2015 and yields 4.4% compounded semi-annually. What is the purchase payment for the bond?

Reference no: EM132722278

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