Question: 2 ) A bond has a face amount of ( $ 1 0 , 0 0 0 ) and matures in 1

2) A bond has a face amount of \(\$ 10,000\) and matures in 10 years. The nominal rate of interest on the bond is \(6.4\%\). At what price would the bond yield a true rate of interest of \(6.5\%\)?1) Calculate the semi-annual interest payments 2) Calculate the present value of the payments 3) Calculate the present value of the bond at maturity 4) Add step2 and step3.
2 ) A bond has a face amount of \ ( \ $ 1 0 , 0 0

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