Question: Problem #4: Suppose a 19-year bond has face and redemption value $23507, a nominal annual coupon rate of 7% compounded [3 marks] semiannually, and a

Problem #4: Suppose a 19-year bond has face and redemption value

Problem #4: Suppose a 19-year bond has face and redemption value $23507, a nominal annual coupon rate of 7% compounded [3 marks] semiannually, and a nominal annual yield of 5% compounded semiannually. Find the price of the bond on the issue date. Problem #4: answer correct to 2 decimals

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