Assignment $12$

Close Date: Fri, Apr $19,202411$:$59$ PM

Question $2$ of $4$

A bond that has a face value of $$4,500$ and coupon rate of $3\mathrm{.}50\%$ payable semi$-$annually was redeemable on July $1,2021.$ Calculate the purchase price of the bond on February $10,2015$ when the yield was $4\mathrm{.}00\%$ compounded semi$-$annually.

Round to the nearest