Question: Denis purchased a $ 1 0 , 0 0 0 face value Ontario Hydro Energy bond maturing in 4 years. The coupon rate was 7

Denis purchased a $10,000 face value Ontario Hydro Energy bond
maturing in4 years. The coupon rate was 7.5% payable
semiannually. If the prevailing market rate at the time of purchase
wa 6.8% compounded semiannually, what price did Denis pay for the
bond? (Do not round the intermediate calculations. Round your final
answer to 2 decimal places.) Assume that:Bond interest is paid semiannually.The bond was originally issued at its face value.Bonds are redeemed at their face value at maturity.Market rates of return are compounded semiannually.Bond price $

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