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On April 1st, 2025, Adnan agreed to pay Oliver $9,250 on January 1st, 2029, and $6,500 on September 1st, 2029. On March 1st, 2026, Raoul

On April 1st, 2025, Adnan agreed to pay Oliver $9,250 on January 1st, 2029, and $6,500 on September 1st, 2029. On March 1st, 2026, Raoul buys the contract from Oliver to yield a rate of return of J12=6.7%. Calculate the price that Raoul paid for the contract

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