A bond has a face value of $4000 and matures on June 21 2025 with...
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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? Draw a timeline in your notes to help you practice! Select one: O a. $3873.63 O b. $3864.31 O c. $3903.56 O d. $3855.31 O e. $3883.27
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