Question: please show step by step solutions and formulas/graphs if possible and not excel solution. thank you! A $7,000 bond with a coupon rate of 6.50%

please show step by step solutions and formulas/graphs if possible and

please show step by step solutions and formulas/graphs if possible and not excel solution. thank you!

A $7,000 bond with a coupon rate of 6.50% is redeemable on July 1, 2019. The bond coupons are paid every quarter. If the bond was purchased on January 1, 2012, when the interest rate in the market was 6.50% compounded quarterly, what was the purchase price of the bond? Round to the nearest cent

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