Question: Your client purchased $ 1 0 , 0 0 0 bond carrying a 2 . 5 % coupon rate when it had twelve years remaining

Your client purchased $10,000 bond carrying a 2.5% coupon rate when it had twelve years remaining untill mayurity. What price did they pay if the prevailing rate of return on the purchase date was 4.2% compunded semiannually

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