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15 Question 3 of 13 - / 10 View Policies Current Attempt in Progress You have just purchased a municipal bond with a $ 10,000 par value for $9,500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is 6.6% per year payable semiannually. You plan to hold the bond for 5 years, selling the bond immediately after you receive the interest payment. If your desired nominal yield is 11.5% per year compounded semiannually, what will be your minimum selling price for the bond? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is 15. Click here to access the TVM Factor Table Calculator Save for Later Attempts: 0 of 1 used Submit