Calculate the purchase price of the bond on february

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Problem 1: A bond that has a face value of $5,000 and coupon rate of 3.40% payable semi-annually was redeemable on July 1, 2021. Calculate the purchase price of the bond on February 10, 2015 when the yield was 3.90% compounded semi-annually.

Reference no: EM132806905

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