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A $1000 20 year 6% coupon bond was issued on August 15, 2017.It was sold on November 2,2019 to yield the purchaser 6.5%compounded semiannually until
A $1000 20 year 6% coupon bond was issued on August 15, 2017.It was sold on November 2,2019 to yield the purchaser 6.5%compounded semiannually until maturity . At what price did the bond sell?
I don't get it how n=36 in the first step
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