Question: I really need help with this question, please. Please show how to do it step by step. Please and Thank you. A $80,000 bond bearing

I really need help with this question, please. Please show how to do it step by step. Please and Thank you.

A $80,000 bond bearing interest at 7% payable annually is bought six years before maturity to yield 7.3% compounded semi-annually. If the bond is redeemable at par, what is the purchase price?

The purchase price of the bond is ___

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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