Question: (1 point) (Exercise 6.19) A $1000 par value 7% bond with semiannual coupons matures at par on October 15, 2015. The bond is purchased on

(1 point) (Exercise 6.19) A $1000 par value 7% bond with

(1 point) (Exercise 6.19) A $1000 par value 7% bond with semiannual coupons matures at par on October 15, 2015. The bond is purchased on August 24, 2002 to yield the investor i(2)=10%. What is the purchase price (flat price)? Assume simple interest between bond coupon dates and use an exact day count. ANSWER =$

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