Question: A $5000, 4% bond with interest payable semi-annually is redeemable at par in 12 years. What is the purchase price to yield? (a) 3% compounded

A $5000, 4% bond with interest payable semi-annually is redeemable at par in 12 years. What is the purchase price to yield?
(a) 3% compounded semi-annually?
(b) 5% compounded semi-annually?

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