A strip bond that will mature 7_1 years from now at its $13,000 face value can be

Question:

A strip bond that will mature 7_1 years from now at its $13,000 can be 2 purchased today for $9042. What rate of return (compounded semiannually) will this strip bond provide to an investor?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...