Question: Dan is evaluating a bond issued by Spark Lts that has a face value of $1,000 and a coupon rate of 5% pa. the coupon

Dan is evaluating a bond issued by Spark Lts that has a face value of $1,000 and a coupon rate of 5% pa. the coupon are paid semi-annually and the bond has 10 years to maturity and 6.5 % pa yield. if Dan has $9,000 to invest, calculate the price of the bond ( show all the calculations and show answer correct to two decimal places) and explain how many bonds he can buy

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