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 1
A $22 comma 000,6.6% bond redeemable at par is purchased 6 years before maturity to yield 9.9% 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 1
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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