1. Consider a 10000 par value, 4 year bond bearing a 5% nominal semiannual coupon rate. Coupons pay out every sixmonth period, starting six months after the bond is purchased. The bond is purchased for P and earns an annual rate of} compounded semiannualiy, and the bond redeems at par value. The value [i.e. outstanding balance of the amortization schedule} of the bond immediately after the 3rd coupon is paid is equal to 9247.42. Find the purchase price P. Round your answer to the nearest whole number