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A bond has a face value of $4000 and matures on June 21 2025 with...

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Finance

A bond has a face value of $4000 and matures on June 21 2025 with a bond rate of 6.2% compounded semi-annually. If the bond was purchased on December 21 2019 at a market rate of 6.9% compounded semi-annually, what was the purchase price of the bond?

$3855.31

$3903.56

$3873.63

$3883.27

$3864.31

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