What is the purchase price of a bond

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-What is the purchase price of a bond that has 5 years and 6 months until it matures? The face value of the bond is $3000 and the coupon rate is 5.2% compounded semi-annually. The yield rate is 7.5% compounded semi-annually.

-A $1000 bond, with interest at 8% payable semi-annually on January 1 and July 1, was purchased on March 8, 2012. The bond matures on July 1, 2015 and yields 4.4% compounded semi-annually. What is the purchase payment for the bond?

Reference no: EM132722281

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