Question: A $10,000 , 6% bond with semi-annually coupons is redeemable at par. What is the purchase price to yield 7.5% compounded semi-annually. 1) 9 years

A $10,000 , 6% bond with semi-annually coupons is redeemable at par. What is the purchase price to yield 7.5% compounded semi-annually.

1) 9 years before maturity

b) 15 years before maturity

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