Question: Question content area top Part 1 A $ 2 2 comma 0 0 0 , 6 . 6 % bond redeemable at par is purchased
Question content area top
Part
A $ comma bond redeemable at par is purchased years before maturity to yield compounded semi dash annually. If the bond interest is payable semi dash annually comma what is the purchase price of the bond?
Question content area bottom
Part
The purchase price of the bond is $
enter your response here.
Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.
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