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A $ 1 , 0 0 0 par value bond has 7 . 5 % semiannual coupons and matures on July 1 , 2 0

A $1,000 par value bond has 7.5% semiannual coupons and matures on July 1,2017
at $1,050. Find the actual selling price of this bond on November 15,2013 and the
price that would be quoted in a financial newspaper on on November 15,2013,
based on a nominal annual yield rate of 2.1% compounded semiannually. Use the
actual number of days to compute the accrued interest.
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