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6.11 You own a $1,000 face value 10 -year bond with semiannual coupons that will mature in 6 years. Immediately after receiving the 8th coupon

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6.11 You own a $1,000 face value 10 -year bond with semiannual coupons that will mature in 6 years. Immediately after receiving the 8th coupon of $46, you sell the bond and purchase another newly issued $1,000 face value 10 year bond with semiannual coupons of $47.5 each. Given that the prevailing market interest rate is r(2)=9% and the bond you originally owned is redeemable at 104%, find the redemption value of the new bond that you purchase

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