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13. Suppose a 7-year $1000 Par value bond with semi-annual coupons is purchased. the coupon rate is a nominal annual rate of 7.5% compounded semi-annually.

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13. Suppose a 7-year $1000 Par value bond with semi-annual coupons is purchased. the coupon rate is a nominal annual rate of 7.5% compounded semi-annually. The yield rate is a nominal annual rate of 6% compounded semi-annually. After the 6th coupon payment, the bond is sold at market value. The market yield rate at the time the bond is sold is a nominal annual rate of 5% compounded semi- annually. Find the market price of the bond

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